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Gulf support should not substitute for long-term economic reform: IMF official

  /  April 15, 2014  /  Business  /  1 Comment

Egypt must address “imbalances in the budget”, generate jobs, and improve living standards, says Massod Ahmed, IMF’s Middle East director

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IMF no longer forces ‘structural adjustment’: Lagarde

  /  April 13, 2014  /  Business  /  1 Comment

The crisis lender is sensitive to charges it dictates socially and economically harsh reforms on countries availing themselves of its support.

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Egypt still in need of financial assistance: International Monetary Fund

  /  April 12, 2014  /  Business, Economy  /  1 Comment

Financial aid could come from Gulf countries, the IMF or other financial institutions, says IMF’s chief of mission in Egypt

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IMF, World Bank push for price on carbon

  /  April 12, 2014  /  Business, Energy  /  1 Comment

Warning that time was running out for the planet to avoid worst-case climate change

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Annual Inflation rate hits 10.2% in March

  /  April 12, 2014  /  Business, Economy  /  1 Comment

Exchange rate depreciation, money expansion, supply shortages, recurrent wage increases are attributed to wave of increasing inflation, says IMF’s Toward New Horizons report

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World Bank watches unfolding of political situation with great concern: Bank president

  /  April 12, 2014  /  Banking, Business  /  2 Comments

World Bank has helped finance several projects in various sectors during the past year

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Egypt economic growth to remain slow: IMF

  /  April 8, 2014  /  Business  /  2 Comments

AFP – Growth in Egypt’s economy is expected to remain sluggish this year as political uncertainty keeps tourists and foreign investors away, the International Monetary Fund said Tuesday. The economy of the Arab world’s most read the rest…

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G20 final document unlikely to address Ukraine crisis

  /  April 8, 2014  /  Business  /  1 Comment

Reuters – The world’s financial leaders are likely to discuss possible risks to Europe’s economy from the crisis in Ukraine, but there are no plans to mention it in the final document from their Washington read the rest…

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China faces ‘serious obstacles’: IMF chief

  /  March 24, 2014  /  Business  /  2 Comments

China’s gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.

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Egypt investors believe Sisi presidency will bring stability

  /  March 22, 2014  /  Business  /  1 Comment

Sisi offers the hope of relief from three years of political turmoil that began with the Arab Spring uprising, even though he was the man who toppled Egypt’s first freely-elected president, Islamist Mohamed Morsi.

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IMF’s Egypt strategy ill-suited to realities on the ground: ECESR

  /  March 15, 2014  /  Business  /  2 Comments

Regional economic experts say fund’s demands for near-term subsidy cuts not viable

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Qatar may face higher costs of hiring foreign workers: IMF

  /  March 9, 2014  /  Business  /  2 Comments

Qatar, which has denied the Guardian’s findings, has seen an increasing influx of foreigners, now estimated at 1.8 million, with its population rising 10% in 2013.

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No need to panic over Ukraine economy: IMF’s Lagarde

  /  March 1, 2014  /  Business  /  3 Comments

The revolt led to Moscow canceling a much-needed $15bn loan to the country after only $3bn had been disbursed, leaving Kiev with little cash in its coffers and dwindling foreign exchange reserves.

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G20 vows to add $2tn to world economy to lift growth

  /  February 23, 2014  /  Business  /  2 Comments

US Treasury Secretary Jack Lew stressed at a press conference that the G20 had left the austerity debate behind and was fully focused on growth.

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Interim PM meets with IMF head Christine Lagarde at Davos

  /  January 25, 2014  /  Business  /  1 Comment

El-Beblawi briefs Lagarde on Egypt’s latest economic developments

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IMF sees slightly stronger global growth

  /  January 21, 2014  /  Business  /  No Comments

The fund increased its estimate for world growth this year slightly to 3.7%, after 3.0% in 2013, while warning that the rebound of the world economy is still “weak and uneven”.

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IMF plans to raise global economic growth forecast: Lagarde

  /  January 8, 2014  /  Business  /  1 Comment

The IMF chief dined with Kenyan President Uhuru Kenyatta on Monday evening in the coastal city of Mombasa.

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Latest

Why one foreign investor left Egypt

  /  December 8, 2013  /  Opinion  /  1 Comment

By Farah Halime One of the key markers of a thriving economy is whether investors are committed. For Egypt, attracting investors has remained a point of contention in the last three years – are they read the rest…

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Egypt’s debt in Focus

  /  December 7, 2013  /  Business  /  2 Comments

Egypt has diversified debt instruments, but still has the same creditors
Interest rate sharply reduced but the government’s options remain limited
The government is ignoring Sukuk and depending on Arabs to meet urgent needs

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Chatham House dissects Egyptian economy

  /  December 4, 2013  /  Business  /  1 Comment

Royal Institute of International Affairs examines interim government performance, post revolution economy political participation and IMF development

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Why Egypt’s army is bad at doing business

  /  December 3, 2013  /  Opinion  /  2 Comments

By Farah Halime General Abdel Fattah Al-Sisi must be revelling in the image of an all-powerful oligarch created by the media. Apparently he reigns over a sprawling economic empire that journalists describe (in now rather read the rest…

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Egypt delays IMF loan decision, Gulf aid helps reform: Deputy PM

  /  December 3, 2013  /  Egypt, Politics  /  No Comments

Any IMF deal would require economic reform commitments that the government might find politically risky

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Arab Spring economies hit by uncertainty: IMF

  /  November 14, 2013  /  Business, Economy  /  1 Comment

The economies of Arab countries rocked by the uprisings that swept the region two years ago, remain sluggish because of unfinished political transitions

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Latest

Outside looking in: An international perspective on Egypt’s economy

  /  November 10, 2013  /  In Focus  /  1 Comment

Reform is needed to boost investor confidence and bring back higher levels of FDI

Bessma Momani has a PHD in political science with a focus on international political economy. She is an associate professor at the Balsillie School of International Affairs at the University of Waterloo and authored the book IMF-Egyptian Debt Negotiations.

Momani highlighted three key areas investors view as intersecting with politics: confidence, perception and reform.

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Latest

Regional support braces Egypt while it works toward fiscal stability

  /  October 21, 2013  /  Business  /  No Comments

Strong support from regional neighbours has helped buttress reserves, and GDP growth should tick significantly upwards next year, but fiscal health nonetheless represents a sticky challenge for whoever wins the forthcoming elections by next spring: traditional revenue sources such as tourism, taxation, exports and investments have declined, while government expenditures in the form of public sector wages and subsidies for both energy and food continued to expand.

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Latest

Why Egypt’s bourse seems optimistic

  /  October 19, 2013  /  Business  /  No Comments

Egypt Business Directory explores factors behind the EGX30 index surge on Thursday to its highest level in eight months. Where did the optimism come from to push the mark to 5765.8 points in that session.

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Latest

Afghan peace on the table as Pakistan PM heads to US

  /  October 19, 2013  /  Politics  /  No Comments

Daniel Markey, a senior fellow at US think-tank the Council on Foreign Relations, said that since coming to power in May Sharif had impressed Washington with his willingness to be a partner.

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Latest

IMF studies Egypt’s economy and development

  /  October 12, 2013  /  Business  /  No Comments

IMF: The political uncertainly Egypt underwent has clouded the economic outlook and impacted the policy performance.

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Latest

IMF cautious on emerging economies

  /  October 9, 2013  /  Business  /  No Comments

Growth rates in emerging market and developing economies are now down some three percentage points from 2010 levels, mostly due to a slowdowns in Brazil, China, and India, the IMF said.

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Latest

Egypt cuts IMF delegation in political protest

  /  October 8, 2013  /  Business  /  No Comments

PM Hazem El-Beblawi says negotiations are ongoing over whether IMF will recognise current government

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