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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
The fund increased its estimate for world growth this year slightly to 3.7%, after 3.0% in 2013, while warning that the rebound of the world economy is still “weak and uneven”.
The IMF chief dined with Kenyan President Uhuru Kenyatta on Monday evening in the coastal city of Mombasa.
By Farah Halime One of the key markers of a thriving economy is whether investors are committed. For Egypt, attracting investors has remained a point of contention in the last three years – are they or are they not putting money in Egypt? Marshall Stocker, an American venture capitalist, was among a band of businessmen drawn …
Egypt has diversified debt instruments, but still has the same creditors
Interest rate sharply reduced but the government’s options remain limited
The government is ignoring Sukuk and depending on Arabs to meet urgent needs
Royal Institute of International Affairs examines interim government performance, post revolution economy political participation and IMF development
By Farah Halime General Abdel Fattah Al-Sisi must be revelling in the image of an all-powerful oligarch created by the media. Apparently he reigns over a sprawling economic empire that journalists describe (in now rather clichéd terms) as so varied that it covers everything from the production of flat-screen televisions and pasta to refrigerators and …
Any IMF deal would require economic reform commitments that the government might find politically risky
The economies of Arab countries rocked by the uprisings that swept the region two years ago, remain sluggish because of unfinished political transitions
Reform is needed to boost investor confidence and bring back higher levels of FDI
Bessma Momani has a PHD in political science with a focus on international political economy. She is an associate professor at the Balsillie School of International Affairs at the University of Waterloo and authored the book IMF-Egyptian Debt Negotiations.
Momani highlighted three key areas investors view as intersecting with politics: confidence, perception and reform.