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Egypt’s ranking improved in the Corruption Perceptions Index to 94th place in 2014, up from 114th last year
Analysts request to amend monetary policy and take precautions with mega-projects in light of current circumstances
“There is growing national consensus on the need for economic reform”, says Chris Jarvis
Lagarde added that the conflicts in the Middle East and North Africa will have serious economic implications not just for the region, but the entire world.
Figure 6.8% higher than same quarter last year
Countries in MENAP region (Middle East, North Africa, Pakistan and Afghanistan) were resisting growth due to socio-political problems and regional conflicts
CBE governor Hisham Ramez will meet IMF managing director on Sunday
By Omar El-Shenety No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to its knees, and now faces stagnation. Growth has stopped at 2% since the revolution, and the government budget deficit scored record levels. Tourism and Foreign Direct Investment (FDI), key sources for foreign …
Government has set concrete goals for its February economic summit, says Lazard managing director
CBE’s temporary ‘financial’ account is strategic reserve and will not be used to solve budget deficit
Ministry of Finance says government will invite IMF before Egypt’s economic summit in February 2015
An IMF delegation will visit Egypt before the end of 2014, minister adds
Economist writes in report published on IMF website that sustainable and inclusive growth requires both short-term and long-term measures
Egypt needs adequate mitigation measures, gradual price increases, and better public communication
IMF chief says there are “encouraging” signs in energy subsidy reform
Egypt must address “imbalances in the budget”, generate jobs, and improve living standards, says Massod Ahmed, IMF’s Middle East director
The crisis lender is sensitive to charges it dictates socially and economically harsh reforms on countries availing themselves of its support.
Financial aid could come from Gulf countries, the IMF or other financial institutions, says IMF’s chief of mission in Egypt
Warning that time was running out for the planet to avoid worst-case climate change
Exchange rate depreciation, money expansion, supply shortages, recurrent wage increases are attributed to wave of increasing inflation, says IMF’s Toward New Horizons report
World Bank has helped finance several projects in various sectors during the past year
AFP – Growth in Egypt’s economy is expected to remain sluggish this year as political uncertainty keeps tourists and foreign investors away, the International Monetary Fund said Tuesday. The economy of the Arab world’s most populated country was forecast to grow by 2.7% this year after expanding by 2.1% in 2013, the IMF said in …
Reuters – The world’s financial leaders are likely to discuss possible risks to Europe’s economy from the crisis in Ukraine, but there are no plans to mention it in the final document from their Washington meeting, two G20 officials said. Finance ministers and central bankers from the Group of 20 developed and emerging economies will …
China’s gross domestic product (GDP) grew 7.7% in 2013, unchanged from the year before.
Sisi offers the hope of relief from three years of political turmoil that began with the Arab Spring uprising, even though he was the man who toppled Egypt’s first freely-elected president, Islamist Mohamed Morsi.
Regional economic experts say fund’s demands for near-term subsidy cuts not viable
Qatar, which has denied the Guardian’s findings, has seen an increasing influx of foreigners, now estimated at 1.8 million, with its population rising 10% in 2013.
The revolt led to Moscow canceling a much-needed $15bn loan to the country after only $3bn had been disbursed, leaving Kiev with little cash in its coffers and dwindling foreign exchange reserves.
US Treasury Secretary Jack Lew stressed at a press conference that the G20 had left the austerity debate behind and was fully focused on growth.
El-Beblawi briefs Lagarde on Egypt’s latest economic developments