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China remains the world’s biggest trader in goods, achieving a 2.8% increase in the first three quarters and more than RMB 22.91trn in total value
Our discussions with Egypt focused on possible modalities of future engagement rather than on specific measures, says Lall
Country branding relates to culture, politics, sports of the people, says Salah Hassan
Improving business climate and reducing state’s role are keys to sustain reforms
“I think in the 75 years during the Bretton Woods period, the cooperation in a spirit of trying to establish rules of the game, ways in which there can be openness and integration, has led to a tremendous period of economic performance,” Lipton said.
Meeting wrapped up with high level of Egyptian participation
The country is witnessing a quantum leap in to a digitalised society, says Talaat
Inflation getting down faster than expected, says Azour
World Bank aims to increase cooperation with Egypt in the field of infrastructure
Egypt made nominal efforts to consolidate SOEs, says WB
Nasr will take part in a session titled “Jobs and economic transformation in emerging markets” along with five speakers on Friday, according to the IMF website.
Three countries, including Egypt, to drive MECA’s growth in 2020, says WEO report
Next Article IV consultation likely to be held early 2020, says staff report
The IIF works in a sample of 25 past IMF programmes in developed, emerging, and frontier markets that started with debt to GDP ratios above 75%.
Former WBG’s interim president to officially assume her new position on Tuesday
Georgieva to begin a five-year term as new IMF’s MD early October
These projects have positive repercussions on improving financial inclusion and enhancing financial, economic, and social stability. SMEs account for more than 95% of total enterprises in the vast majority of the world and contributing 33% to the GDP of developing economies.
Egypt embarked on a bold economic reform programme that included the pound flotation, a reduction in fuel and electricity subsidies, imposing taxes including the value-added tax (VAT), all with the aim of trimming the budget deficit.
High interest rates hinder attracting more FDIs, says GAFI’s former CEO
CBE’s decision to reduce interest rates reflects favourable inflationary trends, says Lall
President Al-Sisi affirmed his interest in boosting cooperation with international institution to support development in Egypt, Africa
Egypt’s fiscal consolidation to continue, unemployment shrinking, GDP to record 5.5% in 2020: The Economist Intelligence Unit
Monetary easing can help stimulate domestic demand, which in turn benefits other countries by increasing demand for their goods. The concern, however, is that monetary easing also weakens a country’s exchange rate, making exports more competitive and reducing demand for other countries’ imports as they become more expensive—a phenomenon known as expenditure switching
Risks are tilted to downside due to less supportive external environment, says IIF
lender of last resort, the IMF provides countries in economic turmoil with financial support. In return, borrowing countries must often commit to far-reaching policy reforms
Deepening and broadening of Egypt’s effective reforms is critical to underpin the positive outlook for growth and unemployment of the country, David Lipton, the International Monetary Fund (IMF) Acting Managing Director
The IMF’s board approval of fifth review will allow Egypt to receive the last $2bn tranche of its loan.
The ongoing fiscal reforms managed to reduce the budget deficit to 8.2% in FY 2018/19, in continuation to the ongoing down trend from 9.8% in the FY 2017/18 and 12.5% in FY 2015/16.
In our view the AU leaders should also use their meeting to reinvigorate their efforts to create an African Monetary Fund (AMF).
Institutional weaknesses, unfavourable external backdrop may weigh in on growth, inflationary pressure to rise, says the bank