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Business
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Economy
4/18/2024 9:03:52 PM
International Monetary Fund chief Kristalina Georgieva on Thursday drew attention to the suffering in Yemen and Sudan, both plagued by civil wars and often overshadowed by the plight of other countries.
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Business
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Economy
4/18/2024 8:55:57 PM
Egypt’s overall debt to GDP is expected to decline to 82.6 percent of GDP in 2025, from over 90 percent in 2024, and will continue to shrink under the country's loan program with the International Monetary Fund (IMF), the Director of the Middle East and Central Asia Department at the IMF, Jihad Azour, told Ahram Online.
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Business
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Economy
4/18/2024 6:51:07 PM
The war in Gaza, Red Sea shipping disruptions, and oil production cuts have exacerbated the high debt and the elevating borrowing cost issues in the Middle East and North Africa (MENA) region, including Egypt, the International Monetary Fund said on Thursday.
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Business
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Economy
4/18/2024 6:04:11 PM
The International Monetary Fund (IMF) has approved $46.4 billion for 18 member countries since November 2023, the IMF’s Managing Director’s Global Policy Agenda 2024 revealed on Thursday.
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Business
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Economy
4/18/2024 3:29:41 PM
Egypt is committed to reducing the debt-to-GDP ratio to below 80 percent by 2027 through a series of integrated measures, Minister of Finance Mohamed Maait stated.
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Business
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Economy
4/17/2024 6:45:00 PM
Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris, the Deputy Director of the Fiscal Affairs Department at the International Monetary Fund (IMF), told Ahram Online.
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Business
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Economy
4/17/2024 3:16:11 PM
Egypt’s Minister of International Cooperation Rania Al-Mashat, delivered a speech as the Governor of Egypt to the World Bank Group (WBG) during the G24 Governors and Ministers Meeting held in Washington. The address took place at the WBG and the International Monetary Fund (IMF) 2024 Spring Meetings.
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Business
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Economy
4/17/2024 3:12:29 PM
Global debt is projected to increase to close to 100 percent of GDP by 2029, driven mainly by the increasing debt levels in the large economies, including China, Italy, the United Kingdom, and the US, with policy action needed to address fundamental imbalances between spending and revenues, according to the Fiscal Monitor Report released on Wednesday.
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Business
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Economy
4/17/2024 12:30:02 PM
Egypt’s government plans to complete the privatization of the state-owned companies within a period of 3 to 5 years, Minister of Finance Mohamed Maait stated to Asharq News.
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Business
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Economy
4/16/2024 9:35:00 PM
Minister of International Cooperation and Governor of Egypt at the World Bank Rania Al-Mashat met with key representatives of the World Bank Group during the Spring Meetings of the International Monetary Fund and the WB Group in Washington.
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Business
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Economy
4/16/2024 4:09:00 PM
The International Monetary Fund (IMF) has maintained its projection for Egypt’s real GDP growth in 2024 at three percent, declining by 0.8 percent compared to the estimation of 2023.
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Al-Ahram Weekly
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Economy
4/5/2024 12:18:00 PM
IMF Mission Chief for Egypt Ivanna Vladkova Hollar discusses the fund’s agreement with Egypt and expected developments in the local economy with Doaa A. Moneim
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Business
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Economy
4/1/2024 8:00:00 PM
The International Monetary Fund (IMF) is scheduled to complete its third review of Egypt's $8 billion loan deal by the end of June, and its last review by 2026, the IMF’s Mission Chief to Egypt Ivanna Vladkova Hollar announced on Monday.
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Business
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Economy
3/31/2024 12:10:06 PM
Prime Minister Mostafa Madbouly disclosed that Egypt is set to receive the initial tranche of $820 million from the International Monetary Fund (IMF) expanded loan next week, along with the second tranche from the Ras El-Hekma deal in early May.
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Business
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Economy
3/30/2024 12:59:11 AM
The Executive Board of the International Monetary Fund (IMF) completed on Friday the first and second reviews of Egypt’s 46-month Extended Fund Facility arrangement with Egypt and approved an expansion of the original program by about $5 billion.
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Business
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Economy
3/28/2024 9:52:35 PM
The Executive Board of the International Monetary Fund (IMF) is set to decide on the completion of the first and second reviews under its EFF loan Programme for Egypt on Friday.
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Al-Ahram Weekly
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Economy
3/26/2024 9:00:05 PM
Niveen Wahish examines Egypt’s economic prospects following the recent wave of investment and financing pledges
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Business
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Economy
3/17/2024 2:07:00 PM
European leaders are expected to announce a €7.4 billion ($8.06 billion) funding package and an upgraded relationship with Egypt in Cairo on Sunday, Reuters reported.
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Al-Ahram Weekly
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Egypt
3/13/2024 10:14:00 PM
In a busy week Egypt floated the pound, signed an enhanced IMF deal, and received the thumbs up from international financial institutions, reports Al-Ahram Weekly.
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Business
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Economy
3/13/2024 8:39:38 PM
The International Monetary Fund officially launched the selection process to find the organization next leader on Wednesday, with current managing director Kristalina Georgieva widely tipped for a second five-year term.
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