Latest in Highlight
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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.
Egypt’s monetary policy should continue inflation targeting: IMF
High interest rates hinder attracting more FDIs, says GAFI’s former CEO
Egypt’s monetary policy should continue to aim to sustain inflation in line with its medium-term objectives: IMF
CBE’s decision to reduce interest rates reflects favourable inflationary trends, says Lall
Kristalina Georgieva visits Cairo in first stop in IMF candidacy foreign tour
President Al-Sisi affirmed his interest in boosting cooperation with international institution to support development in Egypt, Africa
Fiscal deficit to record 7.3% of GDP in FY19, current account will move into surplus from 2021, political stability to strengthen
Egypt’s fiscal consolidation to continue, unemployment shrinking, GDP to record 5.5% in 2020: The Economist Intelligence Unit
IMF warns that currency devaluations will not fix a country’s economic problems
Monetary easing can help stimulate domestic demand, which in turn benefits other countries by increasing demand for their goods. The concern, however, is that monetary easing also weakens a country’s exchange rate, making exports more competitive and reducing demand for other countries’ imports as they become more expensive—a phenomenon known as expenditure switching
5.5% economy growth expected in Egypt by 2020 as IMF programme wraps up: IIF
Risks are tilted to downside due to less supportive external environment, says IIF
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
Deepening effective reforms critical to underpin Egypt’s positive economic outlook: IMF
Deepening and broadening of Egypt’s effective reforms is critical to underpin the positive outlook for growth and unemployment of the country, David Lipton, the International Monetary Fund (IMF) Acting Managing Director
IMF likely to approve final $2bn of Egypt’s loan next Wednesday
The IMF’s board approval of fifth review will allow Egypt to receive the last $2bn tranche of its loan.
Egypt’s GDP grows 5.6%, budget deficit registers 8.2% in FY 2018/19
The ongoing fiscal reforms managed to reduce the budget deficit to 8.2% in FY 2018/19, in continuation to the ongoing down trend from 9.8% in the FY 2017/18 and 12.5% in FY 2015/16.
Why AMF is a good idea and what can be done to get it going?
In our view the AU leaders should also use their meeting to reinvigorate their efforts to create an African Monetary Fund (AMF).
As Egypt’s reforms almost come to an end, Deutsche Bank foresees growth picking 5.9% in FY 20, EGP, private consumption strengthening
Institutional weaknesses, unfavourable external backdrop may weigh in on growth, inflationary pressure to rise, says the bank