The article discusses the Egyptian government's plan to secure a loan from the International Monetary Fund (IMF) by the end of 2012 as part of efforts to improve the country's economy, as well as the discussions held between the IMF and Egyptian President Mohammed Morsi.Bradley...
"Though the government will likely face greater scrutiny from the IMF this time," Gaballah expects the IMF's requirements for a new loan would not be "tough," adding Egypt has managed to control inflation and unemployment rates based on the IMF's previous programs conditions. But the currency...
In order to qualify for that loan, the government imposed a set of tough economic measures, including subsidy cuts and the flotation of its local currency. The economic measures were hailed by the IMF but have left many Egyptians struggling with both reduced buying power and spiraling inflation ...
. Several partners’ help. . Egypt ‘s need of IMF loan. . Too much tax. 4.The reason why they mention the figure about China and Morocco’s cars is___. . To learn from them easily. . To show China and Morocco’s strength. . To show GB has a good future. . To beat China ...
"Egypt received 2 billion dollars from the IMF on Tuesday evening as the fifth tranche of the loan after the approval of IMF board that praised the progress made by Egypt in implementing the economic reform program," an unnamed CBE official told state-run MENA news agency. ...
Egypt’s leadership in green development has been further acknowledged by the International Monetary Fund (IMF), which recently approved a $1.3 billion loan from the Resilience and Sustainability Facility (RSF). This financial support will drive structural reforms in Egypt’s green ...
as the IMF projects 32.5% inflation for 2024, while the Egyptian Pound has further depreciated by one‑third against the US$ compared to 2023. Affected by reduced shipping through the Suez Canal, and poor earnings from tourism due to the regional conflict, economic growth in 2024 is forecast...
Egyptian authorities have been in technical talks with the IMF for weeks over a possible new agreement, which the government hopes will include a new loan, even though Egypt has far exceeded its lending quota from the Fund. During a press conference on Sunday 15 May, premier Madbouly said...
Madbouly added that measures will be taken to convert $5 billion from the UAE deposit to Egyptian pounds (EGP). On Tuesday, the IMF’s Managing Director, Kristalina Georgievam announced that the Fund resolved major issues with Egypt in its review of its $3 billion loan program, adding that...
Egypt’s recent loan from the International Monetary Fund (IMF), of US$ 12billion, should ease the implementation of socially sensitive structural reforms, including the introduction of a value-addedtaxof 13%. The first installment of US$ 2.75billion was made available to Egypt’s government wit...