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Egypt reaps rewards of structural reforms: OBG
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.
Investing in people helps to share in benefits of economic growth, technological progress
Only 1.7% of country’s public investment are injected in infrastructure, says Lagarde
IMF fourth review confirms economic programme on right track: Pharos
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. …
Egypt has discipline, adheres to economic reforms with no need for another IMF loan: Ghali
‘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’s economic indicators improved in last two years: Azour
Egypt should focus on non-petroleum sectors to attract FDIs, says IMF Director of Middle East
IMF prides itself on success of Egypt’s economic reform programme: IMF Executive Director
Fund ready to help Egypt in the future, says Beblawi
Spring meetings: IMF urges policymakers to prepare for slower growth through smart decisions, cooperative work
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 …
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IMF has always helped countries during economic difficulties: Lagarde
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 …
Emerging market bond indices have quadrupled in past 10 years to $800bn: IMF
House price hikes in Egypt due to currency devaluation, inflation, correction expected, says IMF’s financial counsellor
Lagarde praises Egypt’s success in implementing economic reform measures
Al-Sisi to continue his tour and expected to land in Ivory Coast
Egyptian economy growing at very reasonable rate: IMF
Washington DC – Gian Maria Milesi-Ferretti, the deputy director in the Research Department of the International Monetary Fund (IMF), told Daily News Egypt that Egypt’s economy is doing well as it is growing at a very reasonable rate. Milesi-Ferretti noted that, however, it was a difficult moment for emerging markets earlier in 2018 due to capital …
Egypt’s economic growth to record 5.5% in 2019: IMF
Washington, DC – Egyptian economy will grow by 5.5% this year, the International Monetary Fund (IMF) said in its World Economic Outlook (WEO) April 2019, unchanged from its expectations in October 2018. Further, the IMF expected that the country’s economic growth will reach 5.9% in 2020. However, Egypt’s economic growth forecast was estimated at 6% in …
Egypt’s economy on right track, fuel subsidy reform advancing: IMF fourth review
Authorities to reform its pension system by end of June, new tax regime for SMEs to be approved by parliament
Egypt to implement several reforms in June including eliminating fuel subsidies: IMF
Authorities planning to hedge oil prices, but IMF advised caution, says report
IMF delegation to visit Egypt in May: Lall
Maintaining reform momentum is essential for job creation, supporting middle class, says IMF Egypt Mission Chief
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 …
Warnings of Egypt’s postponement of some measures agreed upon with IMF
Measures include determining fuel pricing mechanism, say sources
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.
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
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
Authorities recommended to regularly assess implementation of IPOs: IMF executive director
Egypt should detain regular reforms regardless of IMF-supported programme
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
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 …
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
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) …