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Washington backs Egypt’s request for emergency financial assistance from IMF
Government is looking to continue with economic reforms and development plans despite global slowdown
The across-the-board economic declines have hit these countries particularly hard, with governments having to spend heavily on health and social protections.
Egypt supports affected firms in tourism, exporting sectors, says report
Global economy to contract 3% in 2020 due to COVID-19: WEO
Deep European recession this year is foregone conclusion
Power shortages cost the continent about 2% to 4% of GDP a year
Search for Lipton’s successor to start shortly
Saudi Arabia’s decision to extend oil supply cuts is the main reason
Country branding relates to culture, politics, sports of the people, says Salah Hassan
“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.
Meeting wrapped up with high level of Egyptian participation
The country is witnessing a quantum leap in to a digitalised society, says Talaat
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.
Three countries, including Egypt, to drive MECA’s growth in 2020, says WEO report
Former WBG’s interim president to officially assume her new position on Tuesday
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.
High interest rates hinder attracting more FDIs, says GAFI’s former CEO
CBE’s decision to reduce interest rates reflects favourable inflationary trends, says Lall
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.
Institutional weaknesses, unfavourable external backdrop may weigh in on growth, inflationary pressure to rise, says the bank
Noteworthy, Egypt has been implementing economic reforms as part of a $12bn three-year programme agreed with the International Monetary Fund (IMF) in November 2016, including the cuts to energy subsidies and pound floatation, as well as the introduction of the value-added tax.
Only 1.7% of country’s public investment are injected in infrastructure, says Lagarde
Pharos Holding For Financial Investments issued a report commenting on the International Monetary Fund’s (IMF) fourth review of Egypt’s economic reform programme, stating that the programme is broadly on right track. All of the June and December 2018 performance criteria and indicative targets were fully met, with the exception of June’s target on public debt. …
‘I am trying to solve the problems and cases raised against me and I hope to return to Egypt,’ says Egypt’s ex-Finance Minister
Egypt should focus on non-petroleum sectors to attract FDIs, says IMF Director of Middle East
Fund ready to help Egypt in the future, says Beblawi
Washington, DC- Thousands of delegates and officials have arrived in Washington, DC, for the spring meetings of the International Monetary Fund (IMF) and World Bank, which is taking place from 8 to 14 April. The spring meetings of the boards of governors of the World Bank Group and the IMF bring together central bankers, ministers of …
Washington DC– IMF has helped the countries through their economic difficulties, said Christine Lagarde Managing Director of the International Monetary Fund (IMF) on Wednesday. Lagarde added that after 75 years of cooperation since the IMF was established systems have changed and adapted from exchange rates of currency to the gold standards system in 70th to reform …
House price hikes in Egypt due to currency devaluation, inflation, correction expected, says IMF’s financial counsellor