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Business
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Economy
8/27/2024 3:32:50 PM
Egypt’s real GDP growth rate is projected to hit 5.5 percent over the medium term, according to the International Monetary Fund's (IMF) staff report on Monday on the third review of the country’s $8 billion loan programme.
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Al-Ahram Weekly
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Egypt
8/1/2024 9:10:00 AM
As Egypt streamlines its finances it must keep an eye on inflation and support the engines of economic growth.
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Egypt
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Politics
7/31/2024 11:30:58 PM
Prime Minister Mostafa Madbouly said on Tuesday in a press conference at New Alamein City that the International Monetary Fund (IMF) does not control Egypt or impose conditions on the country.
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Business
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Economy
7/31/2024 8:04:00 PM
Egypt’s overall debt decreased by approximately seven percent in FY2023/2024 to 89 percent of the GDP, down from 95.70 percent in FY2022/2023, a significant decrease compared to FY2015/2016 when the debt accounted for over 102 percent.
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Business
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Economy
7/31/2024 2:39:05 PM
Increasing the contribution of both the local and foreign private sector to the Egyptian economy is a top priority in the new government's agenda, Minister of Finance Ahmed Kouchouk said in the first meeting with foreign investors in London on Wednesday.
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Business
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Economy
7/31/2024 11:26:12 AM
The demand for gold Jewellery rose two percent in Egypt in the second quarter (2Q) of 2024, hitting 6.8 tons following the International Monetary Fund ( IMF) Extended Fund Facility (EFF) loan in March which boosted the demand for gold during Eid Al-Adha season, according to the World Gold Council (WGC).
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Al-Ahram Weekly
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Economy
7/30/2024 9:55:41 PM
Egypt received the third tranche of its loan with the IMF this week following a successful review, reports Doaa A. Moneim
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Business
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Economy
7/30/2024 7:05:00 PM
Egypt has met all the commitments required for the completion of the third review of its $8 billion loan program with the International Monetary Fund (IMF), the IMF's mission chief for Egypt, Ivanna Vladkova Hollar, said in response to a series of questions from Ahram Online during a virtual roundtable Tuesday.
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Business
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Economy
7/30/2024 6:07:02 PM
Prime Minister Mostafa Madbouly hailed on Tuesday the International Monetary Fund's (IMF) completion of the third review of the Extended Fund Facility (EFF) loan arrangement for Egypt as a “vote of confidence” in the state’s economic reform programme.
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World
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Africa
7/30/2024 4:56:29 PM
Ethiopia's currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation's economy.
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Business
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Economy
7/30/2024 3:36:26 PM
Getting the IMF's approval in the third review of the $8 billion loan programme represents a certificate of trust in the Egyptian government's reform programme and financial and economic targets, Minister of Finance Ahmed Kouchouk stated on Tuesday.
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Business
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Economy
7/30/2024 12:47:25 PM
The International Monetary Fund (IMF) Executive Board completed on Monday the third review of the extended arrangements under the Extended Facility Fund (EFF) for Egypt, allowing the country to immediately receive the loan's third tranche worth $820 million.
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Business
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Economy
7/30/2024 11:35:27 AM
The International Monetary Fund (IMF) has completed the third review of the Extended Fund Facility (EFF) loan programme for Egypt, which allows the country to receive a tranche of $820 million, the fund announced on Monday.
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Business
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Economy
7/29/2024 11:38:17 AM
Egypt is scheduled on the calendar of the International Monetary Fund's (IMF) Executive Board on Monday to discuss the third review of the current Extended Fund Facility (EFF) $8 billion loan programme, which concludes in September 2026.
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Business
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Economy
7/27/2024 7:10:03 PM
Minister of Finance Ahmed Kouchouk discussed in a meeting with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva Egypt’s keenness on implementing structural reforms and encouraging private investments in renewable energy, technology, water desalination, and infrastructure.
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Business
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Economy
7/25/2024 4:02:25 PM
Ministry of Petroleum and Mineral Resources announced on Thursday increasing the fuel prices for the second time in 2024, with the rises ranging from 10 to 15 percent, starting Thursday.
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Business
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Economy
7/22/2024 8:03:51 PM
Egypt’s external debt has decreased by 8.43 percent after hitting $153.86 billion at the end of May 2024 compared to $168.03 billion at the end of December 2023, according to an official source at the Central Bank of Egypt (CBE).
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Business
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Economy
7/22/2024 5:08:00 PM
Egypt is anticipated to maintain its monetary and fiscal policy tightening and keep the debt on a downturn path till December when the International Monetary Fund (IMF) is scheduled to conduct the fourth review of Egypt’s $8 billion loan programme, experts told Ahram Online (AO).
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Business
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Economy
7/16/2024 6:53:51 PM
The International Monetary Fund has revised down its projection for Egypt’s real GDP growth by 0.3 percent in both the recently concluded FY2023/2024 and the current FY2024/2025 to 2.7 percent and 4.1 percent, respectively, according to an update to its World Economic Outlook (WEO) report released on Tuesday.
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Business
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Economy
7/13/2024 1:32:22 PM
The International Monetary Fund has agreed to loan Pakistan $7 billion to bolster its faltering economy, with Islamabad pledging Saturday it would be the last time it relied on relief from the Washington-based lender.
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