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Keeping reform momentum, revolutionising Egypt’s business climate way forward: co-founder and managing director of Qalaa Holdings
ERC to be commercially operational in 2019, plans for next phase of growth across the group
IMF bailouts — roads to stability or recipes for disaster?
Do legal concerns hamper Egypt’s government IPO programme?
Heads of government companies’ reservations were solved by reorganising programme in May, state official says
Authorities recommended to regularly assess implementation of IPOs: IMF executive director
Egypt should detain regular reforms regardless of IMF-supported programme
Fund project growth to reach 6%, unemployment rate, inflation to fall to 7%: IMF’s senior resident representative to Egypt
Strong private sector essential for job creation, this requires improving business environment, governance, transparency, access to finance, accountability of public institutions
In light of IMF’s third review report, analysts recommend authorities to boost Egyptian exports, refraining risks
Exports are projected to reach $53.1bn in current FY 2018/2019
Egypt’s external debts peak to historic $91.5bn in FY 2018/19: IMF
Gross financing requirements are expected to reach $15.9bn next year, FDIs to record $11.3bn
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Egypt to implement 16 new reform measures in less than one year: IMF
Authorities eliminating fuel subsidies, bringing to market shares in at least four SOEs by mid-June, report states
Egypt to implement automatic fuel price indexation mechanism by end of 2018: IMF
The International Monetary Fund (IMF) said in its staff report after the third review of the Egyptian economy that the automatic fuel price indexation mechanism for most fuel products will be implemented by the end of December 2018. The IMF noted on Thursday that the mechanism will adjust fuel prices to changes in global oil …
Further increase in global oil prices would put pressure on Egyptian budget: IMF
Global risks highlight the need to broaden and accelerate structural reforms, mentions staff report
IMF approves 4th $2bn tranche of Egypt’s loan
The Executive Board of the International Monetary Fund (IMF) approved today the disbursement of the fourth tranche of the IMF loan to Egypt worth $2bn, as part of the extended $12bn loan facility over three years. The IMF’s approval followed the completion of the third review of the IMF’s economic reform programme, during their visit …
IMF likely to approve Egypt’s third review on 27 June
Approval enables authorities to receive $2bn
Loans: Who is to blame?
The government borrows money to meet its short- or long-term needs when there is a budget deficit. This is called debt. So, debt is a bill paid by coming generations in cases of obtaining loans for the purpose of narrowing a budget deficit without aiming to finance development projects. Or it may be a bill …
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IMF completes Egypt’s third review mission, agrees to disbursement of $2bn instalment
The International Monetary Fund (IMF) delegation has reached a staff-level agreement—subject to approval by the IMF’s Executive Board—on the second $2b tranche disbursement of the $12bn loan, bringing total disbursements under the programme to $8bn. The agreement came after the fund’s third review of Egypt’s economic reform programme during the delegation’s visit to Cairo from …
Egypt achieving great development through strong, bold economic decisions: IMF
We will intervene in exchange rate market if prices become within unacceptable ranges, says CBE governor
Egyptian authorities implementing energy reform wisely: IMF deputy managing director
Armed forces established infrastructure projects, was guarantor of country’s security
IMF to begin third review of Egyptian reform programme next week
Mission to last 14 days, economic growth conference to kick off Saturday
IMF, CBE, government to host inclusive growth and job creation conference on May
The International Monetary Fund (IMF), the Central Bank of Egypt (CBE) along with the Egyptian government, will co-host a high-level conference in Cairo, on May 5-6. According to a press statement issued by the IMF on Friday. The conference aims to promote higher economic growth and job creation in Egypt to meet the needs of …
International organisations forecast positive expectations for Egypt’s economy
IMF increases growth in Egypt to projected 5.2% this year
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New budget suggestions in line with local expectations, differ from latest IMF view: experts
26% reduction in petroleum subsidies, energy price increase in line with our expectations, Beltone Financial says
Egypt: Turning potential into performance
The revival of Egypt’s economic fortunes over the past few years has been nothing short of dramatic. The Arab world’s most populous country has devalued its currency and carried out a series of bold, but necessary, reforms to stabilise its economy, stimulate growth, and increase employment. A $12bn loan from the International Monetary Fund (IMF) …
Egyptian IPO programme helps attract equity financing for the companies: IMF
IMF Mission Chief for Egypt Subir Lall welcomed the Egyptian authorities’ announcement regarding the initial public offerings (IPO) programme for a number of state-owned companies. On 18 March, Prime Minister Sherif Ismail said that Egypt plans to offer shares of 20 state-owned companies in the next one and half years, 10 of which are already …
IMF wants ‘rainy day fund’ for eurozone
IMF mission expected to visit Egypt in May, announce results of review in June
Washington- Subir Lall, head of the International Monetary Fund (IMF) team for Egypt, said the IMF will visit Egypt in May for the third review of the economic reform programme implemented by the Egyptian government in accordance with the agreement reached with the IMF. Lall added that the results of the review will be announced in …
4 years of fluctuating macroeconomic indicators
The Egyptian economy has gone through a wide range of changes in the past four years, implementing a reform programme backed by a $12bn loan from the International Monetary Fund (IMF) is a turning point. For many Egyptians, 3 November 2016 was an historical day, as the Central Bank of Egypt (CBE) announced the pound’s …
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IMF negotiates to involve real estate developers in economic housing
Chairperson of the Real Estate Development Chamber Tarek Shoukry revealed that the International Monetary Fund (IMF) is negotiating with real estate developers to encourage involving private developers in providing economic governmental housing. On Tuesday, the IMF began negotiation meetings with key real estate developers to discuss the possibility of participating in an economic housing programme …
No justification for energy subsidies in Arab world: Lagarde
Priority areas, such as health, education, social protection, marginalised by low spending
IMF’s demand of economic authorities to limit borrowing means accelerating privatisation: MP
EGPC leads list of borrowers with guarantees from public treasury, accounting for 47.61% of loans
Plenty of investments await Egyptian market as risk factors begin clear improvement: Lagarde
Essential to develop tax regime that is fair , incremental , divided across all classes
Over 27m young Arabs will enter labour market over next 5 years: Lagarde
60% of region’s citizens believe nepotism is main factor for finding jobs
Spending on social protection in Middle East represents no more than 11% of GDP