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IMF mission completes final review of Egypt’s reform programme for $2bn loan tranche
Fund calls on improving access to finance, industrial land allocation, competition, transparency, management of state-owned enterprises
IMF mission praises Egypt’s tourism structural reform programme
During the meeting, Al-Mashat highlighted the importance of the tourism sector for the growth of countries’ economies, explaining that in Egypt the tourism sector contributes to providing job opportunities for more than three million people and represents 20% of the GDP.
IMF’s mission to conclude by new subsidy cut, no taxes, job creation
The International Monetary Fund’s (IMF) delegation has arrived in Cairo on Monday to conduct the sixth and final review before disbursing the last $2bn tranche of a $12bn extended fund facility. The visit lasts for 10 days, in which the IMF’s delegation will hold meetings with the leaders of the ministry of finance to discuss …
IMF assures helping Egypt to go forward to maintain stability, growth: Lagarde
Al-Sisi requests Lagrade’s assistance to promote young people’s entrepreneurship, give them space, freedom to operate to contribute to Egypt’s economic development
World economic growth projected to pick up in H2 of 2019: IMF
Global growth softened to 3.6% in 2018, predicted to decline further to 3.3% in 2019, says Gopinath
IMF expects 70% of global economy to experience slowdown
‘We have supported programmes in over 90 countries since 2008, including Egypt,’ says Lagarde
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 …
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
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
International organisations forecast positive expectations for Egypt’s economy
IMF increases growth in Egypt to projected 5.2% this year
IMF launches Opportunity for All in Morocco
Marrakesh – The International Monetary Fund (IMF) launched on Monday the Opportunity for All in Marrakesh, Morocco to create jobs, promote comprehensive growth in the Arab World, and turn the debate over Arab sustainable growth from recognition into implementation. Egypt participated in the two-day conference on 29 and 30 January, represented by a delegation consisting of …
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IMF increases Egypt growth forecast to 4.8% in FY2017/18
Adressing high levels of perceived corruption key to achieving greater economic efficiency
IMF calls on Egyptian government to reconsider application of capital gains
The International Monetary Fund (IMF) mission called on the Ministry of Finance to reconsider the decision to delay the application of the capital gains tax and to work to implement it again as soon as possible, according to an official source at the Ministry of Finance. According to the source, who asked not to be …
IMF completes Egypt’s second review mission, agrees to disbursement of $2bn installment
Egypt’s GDP growth reached 4.2% in FY 2016/17, compared to 3.5% forecasted
IMF reviews Egypt’s economic reform program on Tuesday in Cairo
Review includes fuel subsidies, discuss the public debt with the Egyptian authorities
Authorities took right measures to rein in inflation, reduce budget deficit: Lagarde
The approval of the Industrial Licensing Law and the New Investment Law by the parliament are a positive step in the right direction
Inflation likely to resume rally if government delivers on next round of austerity measures
Research houses expects prices to shoot up again with applying subsidy cuts and VAT
IMF, Egypt reach a staff level agreement to unlock next loan tranche
A new vote of confidence in local economy to incur more foreign inflows, says Tarek Amer
Egypt’s growth opportunities in the wake of global financial instability
Increased financial links between emerging markets and advanced economies have resulted in increased risk of spill over effects
Government to include capital gains tax in economic reform programme: Chris Jarvis
The IMF mission chief to Egypt spoke at the IMF and World Bank meetings being held in Washington DC
IMF expects 4% growth for Egypt in FY 2016/17 compared to government expectations of 5.2%
IMF predicts inflation will reach 18.2% in FY 2016/17, compared to the state’s expectations of 11.5% in the same period
Egypt, IMF to postpone unifying exchange rate until first tranche of loan arrives
Government moving quickly towards loan, while mission concerned about Cairo’s ability to implement and follow up on reforms, says former IMF official
Egypt to answer IMF inquiries over the next 14 days
IMF will request the implementation of CGT and reduction of domestic debt