Latest in Tag: IMF Highlight

Advertising Area




Latest in Tag: IMF


IMF executive directors welcome Egypt’s economic reform policies.(AFP Photo)

IMF-backed reform programme is Egypt’s best shot but poses high potential risk: FocusEconomics

November was a month of interesting developments for Egypt, from the Central Bank of Egypt’s (CBE) decision to float the national currency, to the International Monetary Fund’s (IMF) approval of the $12bn loan, a correction of external balances, and an expected soaring fiscal deficit. According to FocusEconomics Consensus Forecast for the Middle East and North …

Mohamed Samir

CHRISTINE LAGARDE - LAGARDE - fotografo: IMAGOECONOMICA

How should the government pace its reforms after the IMF loan approval?

On 11 November, the executive board of the International Monetary Fund (IMF) approved a $12bn three-year extended fund facility for Egypt, in support of the government’s economic reform programme. Ever since negotiations with the IMF started, the government has implemented a number of economic reforms, including passing the civil service and value-added tax laws, floating …

Hisham Salah

The latest inflation report issued by the Central Agency for Public Agency for Public Mobilization and Statistics (CAPMAS), on 10 October, indicated that Egyptian core inflation surged by 1.7% in September, compared to 0.14% in August.
(AFP File Photo)

Increased cash support for subsidy cardholders is not enough: expert

Egypt floated its currency on Thursday, allowing it to fall from its previous peg of EGP 8.88 to the US dollar to between EGP 13 and EGP 16. This is the final push to secure the three-year International Monetary Fund (IMF) programme within days. In another step toward securing $12bn from the IMF, the government …

Hisham Salah

us-dollar-currency-forecast-10

External debt: a tricky, dangerous route towards reform

Egypt’s negotiations for loans from the International Monetary Fund, World Bank, and the African Development Bank would increase the country’s external debt to approximately $70bn. Yet, the government views the loans as a way for reforming poor economic conditions that have plagued the country since 2011, and a tool to attract foreign investment.   Essentially, …

Hisham Salah

International economic expert Mohamed El-Erian

Egyptians’ support for IMF loan connected to their understanding of economic reform programme: El-Erian

International economic expert Mohamed El-Erian said that Egypt’s success in handling the International Monetary Fund (IMF) loan is subject to the economic reform programme being written by Egyptians in order to take the citizens’ situation into consideration. El-Erian added, in an interview with TV anchor Lamis El-Hadidi on CBC channel from the United States (US), …

Daily News Egypt

IMF , SISI

Egypt cannot afford to postpone the IMF loan: expert

  During his meeting with the editors-in-chief of national newspapers on Friday, President Abdel Fattah Al-Sisi talked about the loan that Egypt is seeking from the International Monetary Fund (IMF). This was the first time that the president tackled the country’s negotiations with the IMF, as he ensured that economic reforms will be implemented and …

Hisham Salah

International-Monetary-Fund

The 3-week challenge: the IMF’s tricky homework for Egypt

When the people of Egypt heard that the government was willing to take a loan from the International Monetary Fund (IMF), they didn’t think that the government had decided to walk down a hard, tiring path. They didn’t know that Egypt would apply austerity measures that would affect their lives, by cutting its subsidies for …

Hisham Salah