Latest in Tag: The International Monetary Fund Highlight
Latest in Tag: The International Monetary Fund
IMF gives upward projection for Egyptâs growth to reach 5.9% in FY2021/22
The Upgrade is due to strong performance in the first half of the FY: IMF
IMF’s largest SDR allocation in history takes effect
The International Monetary Fund (IMF) announced on Monday that its new allocation of Special Drawing Rights (SDRs) equivalent to $650bn, the largest in the IMF’s history, comes into effect, in an effort to help countries recover from the COVID-19 pandemic. “The allocation is a significant shot in the arm for the world and, if …
IMF gives upward projection for MENA economy to 4% in 2021
2021 path to recovery in Middle East and Central Asia is expected to be long and divergent, international fund said
IMF maintains Egypt forecast as only MCD country with positive 2020 growth
Egyptâs reform programme significantly contributed to improving general economic indicators, says Jihad Azour
Egypt least pandemic-hit economically in MENA as damage split over two FYs
Egypt undertook supportive measures for private sector and social, health care, to confront crisis
IMF forecasts 5.7% economic contraction across MENA region in 2020Â
Regional GDP growth to recover to 3.4% in 2021, down from 4.2% in April forecast, says IMF
IMF mulls cutting Egyptâs COVID-19 assistance duration to under 4 years
Arab countries have been swift to act on the current health crisis, protect citizens and secure economic support
IMF faces extraordinary pressures on financial facilities due to COVID-19
Egyptian authorities aim to strengthen successful economic stabilisation programme with further IMF support, says Azour
Sub-Saharan Africaâs economy to contract by 1.6%: IMF
Decline due to coronavirus outbreak, lower-than-expected commodity prices, says report
WBG, IMF 2020 Spring Meetings to kick off virtually
Middle East, Central Asia Department to hold briefing on 15 April
COVID-19 to severely hit economies of sub-Saharan Africa: IMF
Growth forecast in Aprilâs regional outlook to be significantly low
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
Chinaâs booming economy will propel world economy with strong momentum
China remains the worldâs biggest trader in goods, achieving a 2.8% increase in the first three quarters and more than RMB 22.91trn in total value
IMF calls on Egypt to take additional structural reforms to accelerate GDP growth
Inflation getting down faster than expected, says Azour
International financial institutions recommend Egypt to further improve its competition policy
Egypt made nominal efforts to consolidate SOEs, says WB
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
IMF says it cares about inequality. But will it change its ways?
lender of last resort, the IMF provides countries in economic turmoil with financial support. In return, borrowing countries must often commit to far-reaching policy reforms
IMF likely to approve final $2bn of Egyptâs loan next Wednesday
The IMFâs board approval of fifth review will allow Egypt to receive the last $2bn tranche of its loan.
IMF mission completes final review of Egyptâs reform programme for $2bn loan tranche
Fund calls on improving access to finance, industrial land allocation, competition, transparency, management of state-owned enterprises
IMF mission praises Egyptâs tourism structural reform programme
During the meeting, Al-Mashat highlighted the importance of the tourism sector for the growth of countriesâ economies, explaining that in Egypt the tourism sector contributes to providing job opportunities for more than three million people and represents 20% of the GDP.
IMFâs mission to conclude by new subsidy cut, no taxes, job creation
The International Monetary Fundâs (IMF) delegation has arrived in Cairo on Monday to conduct the sixth and final review before disbursing the last $2bn tranche of a $12bn extended fund facility. The visit lasts for 10 days, in which the IMFâs delegation will hold meetings with the leaders of the ministry of finance to discuss …
IMF assures helping Egypt to go forward to maintain stability, growth: Lagarde
Al-Sisi requests Lagradeâs assistance to promote young peopleâs entrepreneurship, give them space, freedom to operate to contribute to Egyptâs economic development
World economic growth projected to pick up in H2 of 2019: IMF
Global growth softened to 3.6% in 2018, predicted to decline further to 3.3% in 2019, says Gopinath
IMF expects 70% of global economy to experience slowdown
âWe have supported programmes in over 90 countries since 2008, including Egypt,â says Lagarde
IMF staff finalises details required to approve next $2bn for Egypt
The International Monetary Fund’s (IMF) staff team has finalised the details required to present the fourth review for Egyptâs Extended Fund Facility arrangement to the IMFâs Executive Board, the Managing Director of the IMF, Christine Lagarde, said on Friday. “The Board will meet in the coming weeks to discuss the review and I will recommend …
Egyptâs 4th econmic review for next IMF-loan tranche scheduled for 19 Dec. not ready
We lack information on fuel price indexation mechanism, says EFG Hermes’ research department
Egypt to implement 16 new reform measures in less than one year: IMF
Authorities eliminating fuel subsidies, bringing to market shares in at least four SOEs by mid-June, report states
Egypt to implement automatic fuel price indexation mechanism by end of 2018: IMF
The International Monetary Fund (IMF) said in its staff report after the third review of the Egyptian economy that the automatic fuel price indexation mechanism for most fuel products will be implemented by the end of December 2018. The IMF noted on Thursday that the mechanism will adjust fuel prices to changes in global oil …
Further increase in global oil prices would put pressure on Egyptian budget: IMF
Global risks highlight the need to broaden and accelerate structural reforms, mentions staff report
International organisations forecast positive expectations for Egyptâs economy
IMF increases growth in Egypt to projected 5.2% this year