Latest in Tag: IMF Highlight
Latest in Tag: IMF

Governments should protect people from Covid-19 economic impact: IMF
Low-income countries urgently need grants or zero-interest loans to finance health spending

2020 IMF-WBG Spring Meetings in virtual format amid COVID-19 outbreak
Similar extraordinary steps were taken in the wake of 11 September attacks

Africa must take substantial efforts to attract private investments into renewables: IMF
Power shortages cost the continent about 2% to 4% of GDP a year

Al-Mashat in US to prepare for Egypt’s participation in IMF Spring Meetings
She will meet American senior officials for deepening joint partnership

IMF’s longest-serving FDMD David Lipton to leave position end-February
Search for Lipton’s successor to start shortly

Egypt doesn’t have any financing needs at this time: IMF
We stand ready to support Egypt’s reform agenda after EFF, says Ramakrishnan

IMF expects lower growth at 2.8% for Middle East, Central Asia in 2020
Saudi Arabia’s decision to extend oil supply cuts is the main reason

Uma Ramakrishnan succeeds Subair Lall as IMF Mission Chief for Egypt
IMF, local authorities to discuss exact time of next Article IV consultation in 2020, says Ramakrishnan

Egypt more than doubles its coverage of cash transfers under IMF programme
The Fund supports countries to reduce inequality, says Kristalina Georgieva

Rania Al-Mashat: from IMF to Int’l Coop. Min.
During her tenure, Egypt’s tourism sector improved and its revenues hiked 28.2% during the last Fiscal Year (FY), recording $12.570bn, compared to only $9.804bn, according to the Central Bank of Egypt (CBE)`s balance of payment.

Egypt’s bid to enhance the private sector mapped out in OBG’s forthcoming report
EBA signs new MoU with OBG to provide the latter with valuable additional resources to carry out their research

After a preliminary loan agreement with IMF, where does Ethiopian economy stand?
Ethiopia’s loan programme to address same challenges Egypt faced before November 2016

China’s booming economy will propel world economy with strong momentum
China remains the world’s biggest trader in goods, achieving a 2.8% increase in the first three quarters and more than RMB 22.91trn in total value

IMF welcomes Egypt’s intention to sell shares of SOEs, military companies on EGX
Our discussions with Egypt focused on possible modalities of future engagement rather than on specific measures, says Lall

IMF spends $520bn annually to finance sustainability: EGX Chairperson
Country branding relates to culture, politics, sports of the people, says Salah Hassan

Privatising SOEs is a priority in Egypt: IMF
Improving business climate and reducing state’s role are keys to sustain reforms

IMF official urges multilateral cooperation to resolve trade tensions, facilitate integration
“I think in the 75 years during the Bretton Woods period, the cooperation in a spirit of trying to establish rules of the game, ways in which there can be openness and integration, has led to a tremendous period of economic performance,” Lipton said.

Africa is Egypt’s top priority in financial negotiations at IMF, WB’s annual meetings
Meeting wrapped up with high level of Egyptian participation

Egypt, WB agree on boosting infrastructure and digital cooperation
The country is witnessing a quantum leap in to a digitalised society, says Talaat

IMF calls on Egypt to take additional structural reforms to accelerate GDP growth
Inflation getting down faster than expected, says Azour

PM Madbouly leads Egypt’s delegation, meets WB President, US VP at IMF and World Bank meetings
World Bank aims to increase cooperation with Egypt in the field of infrastructure

International financial institutions recommend Egypt to further improve its competition policy
Egypt made nominal efforts to consolidate SOEs, says WB

Nasr participates in the IMF, WB’s 2019 annual meetings
Nasr will take part in a session titled “Jobs and economic transformation in emerging markets” along with five speakers on Friday, according to the IMF website.

Global growth to reach 3% in 2019, slowest pace since 2008 financial crisis: IMF
Three countries, including Egypt, to drive MECA’s growth in 2020, says WEO report

Egypt’s tourism revenues to rebound to $16.7bn by year-end: IMF
Next Article IV consultation likely to be held early 2020, says staff report

Did IMF-backed reform reduce Egypt’s debt?
The IIF works in a sample of 25 past IMF programmes in developed, emerging, and frontier markets that started with debt to GDP ratios above 75%.

Kristalina Georgieva: meet IMF’s new managing director
Former WBG’s interim president to officially assume her new position on Tuesday

IMF’s immediate priority is to help countries minimize risk of crises, be ready to cope with downturns: Georgieva
Georgieva to begin a five-year term as new IMF’s MD early October

AMF, IMF discuss in Cairo challenges facing SMEs in Arab countries
These projects have positive repercussions on improving financial inclusion and enhancing financial, economic, and social stability. SMEs account for more than 95% of total enterprises in the vast majority of the world and contributing 33% to the GDP of developing economies.

How can Egyptians reap fruits of economic reform?
Egypt embarked on a bold economic reform programme that included the pound flotation, a reduction in fuel and electricity subsidies, imposing taxes including the value-added tax (VAT), all with the aim of trimming the budget deficit.