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Scalling up SME access to bank credit requires limiting relative size of public sector: IMF paper
Egypt, UAE, Lebanon, Jordan host three-fourths of MENAP startups
Egypt, Arab countries implementing comprehensive strategies to boost financial inclusion: IMF
Our new paper on SME financial inclusion to be launched on Tuesday in Cairo, says Lagarde
Arab region has yet to fully recover from 2008 global financial crisis: IMF
Numerous Arab countries strengthening their fiscal frameworks including Egypt, says Lagarde
Egypt remains committed to cost recovery of most fuel products by mid-2019: IMF
More difficult external environment poses new challenges on country’s economy, says Lipton
IMF approves $2bn loan tranche to Egypt: Minister of Finance
The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $2bn to Egypt as the fifth tranche of its $12 loan, the Minister of Finance, Mohamed Moeit, announced on Monday. So far, Egypt has received $10bn from the extended $12bn loan facility signed in 2016. Moeit said that Egypt is expected to …
Fiscal deficit falls to 9.8% of GDP in FY18 from 12.5% in FY16: OBG
IMF’s credit reduced government debt from 103% of GDP in FY 2016/17 to 93% in FY 2017/18
IMF staff finalises details required to approve next $2bn for Egypt
The International Monetary Fund’s (IMF) staff team has finalised the details required to present the fourth review for Egypt’s Extended Fund Facility arrangement to the IMF’s Executive Board, the Managing Director of the IMF, Christine Lagarde, said on Friday. “The Board will meet in the coming weeks to discuss the review and I will recommend …
Stable outlook for Levant, North Africa in 2019, although slowing reforms point to downside risks: Moody’s
The 2019 stable outlook for sovereign creditworthiness in the Levant and North Africa region reflects support from modest domestic growth and some expected further progress on fiscal consolidation, set against the slowing pace of structural and fiscal reforms in most countries, Moody’s Investors Service said in a report on Tuesday. The report titled, “Sovereigns – …
Growth in MENAP region to recover up to 3% in 2020: IMF’s WEO
Emerging market, developing economies, tested by difficult external conditions
“Fuel subsidy reform plays a key role in fiscal consolidation”: IMF
In its third review under the extended arrangement in accordance with the Extended Fund Facility issued in July 2018, the International Monetary Fund (IMF) assured that the ongoing energy subsidy reform continues to play a key role in fiscal consolidation. It clarified that the fuel subsidy bill has decreased from 3.3% of the GDP in …
Negotiation with IMF is going smoothly, $2bn loan tranche to be disbursed soon: Moeit
New taxation draft law to be available for social discussion during next two weeks
Egypt’s economic outlook remains positive, backed by tourism, natural gas: Credit Suisse
Weak FDI, reliance on hot money, inflation still challenging
Warnings of Egypt’s postponement of some measures agreed upon with IMF
Measures include determining fuel pricing mechanism, say sources
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Egypt’s 4th econmic review for next IMF-loan tranche scheduled for 19 Dec. not ready
We lack information on fuel price indexation mechanism, says EFG Hermes’ research department
2019 to be year of Egypt’s graceful IMF programme exit
Egypt to face Post-Programme Monitoring framework to guarantee smooth exit from 3-year deal
Solid economic growth ahead: Focus Economics forecasts
IMF may make $2bn financial grant available to Egypt, praised government for its recent reform efforts
Limited impact on Egypt’s inflation after using market XE for valuation of non-essential imports: IMF
Fund fully supports decision by CBE to eliminate repatriation mechanism, says Lall
Debt to remain very high in several countries in particular Egypt: IMF
Countries will need to remain vigilant against rise in inflation
Egypt required to double efforts to keep positive economic outlook: IMF
Growth is better, but still needs structural reforms, says Maurice Obstfeld
Market sentiment in MENAP, CCA regions remains vulnerable: IMF
Recent incidents in Turkey could impact some countries’ trade
IMF team reaches staff-level agreement on fourth review for Egypt’s EFF
Egyptian economy continued to perform well, says Lall
IMF: Risks to global financial system rise
Egypt’s CPI to reach 2000/09 average, dropping to 7% in FY 2022/23: IMF
Healthy foreign reserves, flexible exchange rate leave Egyptian economy well-positioned, says report
Nasr to participate in IMF, WB annual meetings in Bali
Minister to attend human capital summit, deliver Egypt’s speech at G24 meeting
Minister of Finance heads to IMF, WB annual meetings in Indonesia
Moeit to visit South Korea, meet with officials, investment bankers
External shocks, inflation pose dilemma for policymakers in emerging markets: IMF
Commitment to improving central banks’ credibility very important, say report’s authors
Christine Lagarde’s praise for recovery, strength of Egyptian economy on right track: Egypt’s finance minister
The Egyptian government is continuing to work at full capacity to implement the mandate of President Abdel Fattah Al-Sisi in strengthening resources and rationalising spending and interest in investing in human capital and the development of education and health systems, Moeit said.
Egypt’s economic growth among highest in Middle East: IMF
We discussed good progress under economic reform programme, said Lagarde following Al-Sisi’s meeting
Short-term path of reform satisfying, more work needed to reach desired targets: deputy minister of finance
Insuring commodity imports to avoid budget imbalances remains possible, says Kojak
Egypt relies less on external funding compared to other countries: IMF, WB
FDIs in Egypt concentrated in oil, gas, energy sectors, says Khanna