Latest in Tag: IMF Highlight
Latest in Tag: IMF
Egyptian economy to rebound in FY 2021/22 supported by vaccine rollout: IMF
Rebound will also be driven by the governmentâs public investment: World Economic Outlook
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
Global recovery tied to sustainability, resilience, inclusivity: IMF, World Bank Meetings
Key ingredients to foster culture of innovation are through people, processes, technology: Egyptâs Al-Mashat
Egyptâs economy to grow 2.5% in FY 2020/21, rebounding to 5.7% in FY 2021/22: IMF
After estimated contraction of -3.3 % in 2020, global economy is projected to grow at 6% in 2021, moderating to 4.4 % in 2022: IMF
How world moves forward post-COVID-19 is important multifaceted question: IMF
Georgieva also said that there is anxiety on returning to normal, particularly given that the previous ânormalâ was ânot greatâ.
IMF to upward revise global forecast for 2021, 2022
Georgieva said that in January, the IMF projected global growth at 5.5% in 2021, but now expects a further acceleration. This is partly driven by additional policy support, including the new fiscal package in the US, and partly because of the expected recovery, powered by the vaccine rollout for the novel coronavirus (COVID-19) in many advanced economies later this year.
IMF appoints Brenda Boultwood as Director of Risk Management
Fund has recognised pressing need to deepen enterprise risk management function, increase role of ORM Director, says Kristalina Georgieva
IMF revises up projection for MENA region growth to 3.3% in 2021
Road to recovery in Middle East, Central Asia hinges on containment measures, access to and distribution of vaccines, among other aspects
Government affirms positive IMF reviews of Egyptâs economic progress
IMF praises Egyptian governmentâs provision of assistance to individuals, companies most affected by pandemic
IMF upgrades global growth forecast in 2021 to 5.5%, warns risks remain
Financial organisation maintains forecasts for growth in Middle East, Central Asia at 3% in 2021, raising forecast for 2022 to 4.2%
IMF places climate change at heart of its work: Managing Director
Combining steadily rising carbon prices with green infrastructure push can boost global GDP over next 15 years by about 0.7%: Kristalina Georgieva
World can gain $9trn during 2021-2025, if worldwide vaccination accelerated: IMF chief
Ensuring sustainable, inclusive recovery post-COVID-19, reversing divergence between rich and poor countries are main 2021 priorities, says Kristalina Georgieva
No sustainable post-COVID-19 recovery in MENA region without strong governance: IMF
The Middle East and North Africa (MENA) region will be unable to envisage a strong and sustainable recovery following the novel coronavirus (COVID-19) pandemic, unless there is a strong governance framework.
World lives in digital age, with three pluses, one minus: IMF
One minus refers to inequality in access to technology
IMF forecasts Egypt’s economy to record 2.8% growth in FY 2020/21
Egypt’s economy was heavily effected by coronavirus pandemic, which took it’s toll on tourism, and worker remittances, yet it avoided contraction
Egypt to draw $1.67bn under SBA as IMF completes first review of reform plan
The 12-month SBA, totalled SDR 3.763bn (about $5.2bn at the time of approval), was approved by the IMF Executive Board on 26 June 2020 to support the authoritiesâ economic reform programme during the COVID-19 crisis.
IMF urges G20 to jointly build foundations for better global economy
Georgievaâs comments came during the recent G20 summit, which took place virtually on 21-22 November, hosted by Saudi Arabia.
Egyptian President praises governmentâs performance in pandemic economy
Egyptian Presidency Spokesperson Bassam Rady said, on Sunday, that Al-Sisi’s statements came during his meeting with Prime Minister Mostafa Madbouly, Minister of Finance Mohamed Maait, and Deputy Finance Minister for Financial Policies Ahmed Kouchouk.
Egypt, IMF reach staff-level agreement on 1st review of 12-month SBA
The meeting was held to discuss recent economic developments and policy priorities of the first review for Egyptâs economic program supported by the IMFâs 12-month SBA.
MENA region performed well in managing COVID-19 crisis:Â Jihad Azour
COVID-19 crisis is about disruption and acceleration, says IMF regional director
Global economy is facing deep recession due to COVID-19: IMF
The IMF said that these ongoing global forces and the current crisis can offer opportunities to build a better future for everyone
COVID-19 taught MENA region importance of economic, structural transformationâs social pillar: IMF
MENA region governments took homogenous measures to cushion slight drop in economic activities
Despite pandemic,Egyptâs fiscal outcome, primary surplus acceptable: IMFâs Azour
Drop in oil prices beneficial for Egypt, reducing import burden, says IMFâs MCD Region Director
Mahmoud Mohieldin elected to represent Egypt, Arab Group at IMF
Mohieldin nomination came after an agreement between the 11 Arab Group members at the IMF. he will assume the new IMF position by the end of this month
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
2021 debt-to-GDP to reach around 65% in emerging markets: IMF
Georgieva mentioned that where debt is unsustainable, it should be restructured without delay. “We should move towards greater debt transparency and enhanced creditor coordination
Emerging, developing countries need estimated $2.5trn to meet needs: IMF
G24 calls for increased debt transparency, focus on growing financing needs of developing economies amid COVID-19
IMFâs 2021 growth projections for MENA worse than global average: Georgieva
More troubling, however, is the fundâs projections for 2021, which will see the region worse off compared to the global average projections.
COVID-19 could cost estimated $28trn in output losses over next 5 years: Georgieva
Faster progress on medical solutions could speed up post-pandemic recovery, potentially adding almost $9trn to global income by 2025, says IMF head
COVID-19 prompts $11.7trn in fiscal actions, or about 12% of global GDP: IMF
The data was released in an IMF report on Wednesday, entitled âFiscal Monitor: Policies for the Recoveryâ, during the IMF and World Bankâs annual meetings.