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Business
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Economy
3/23/2022 8:19:46 PM
Egypt has officially requested support from the International Monetary Fund (IMF) to implement the country’s comprehensive economic program amid the ongoing global challenges, the IMF announced on Wednesday, without revealing further details.
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World
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Region
3/16/2022 7:31:14 PM
Lebanese President Michel Aoun on Wednesday urged the United Nations for financial support to help Lebanon host Syrian refugees on its territories, a statement by Lebanon's Presidency reported.
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Al-Ahram Weekly
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Egypt
3/15/2022 9:24:13 PM
Egypt has plans to improve its economic situation and counter the effects of the Ukraine crisis on the economy, Minister of Finance Mohamed Maait tells Al-Ahram Weekly.
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War in Ukraine
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Economy
3/15/2022 11:09:56 AM
The government in Kyiv continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the IMF said late Monday.
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Business
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Economy
3/14/2022 8:17:24 PM
Egypt is not currently in discussion with the International Monetary Fund (IMF) for a new loan, Minister of Planning Hala El-Said told Reuters News Agency on Monday.
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War in Ukraine
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Economy
3/2/2022 11:23:24 AM
The International Monetary Fund (IMF) and the World Bank (WB) are set to allocate finances for Ukraine to support it amid the Russian invasion it is undergoing, according to a joint statement released on Tuesday by IMF Managing Director Kristalina Georgieva and WB President David Malpass.
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Business
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Economy
2/26/2022 12:21:48 PM
The International Monetary Fund (IMF) will work hand-in-hand with the World Bank Group (WBG) and other partners to coordinate support for Ukraine amid the Russian invasion, the IMF’s managing director Kristalina Georgieva stated on Friday.
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Egypt
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Foreign Affairs
2/25/2022 5:21:26 PM
Egypt has appointed its highly-experienced economist Mahmoud Mohieldin, who has been serving as an executive director at the International Monetary Fund (IMF), as the country’s high-level champion for climate action at UN Climate Change Conference 2022 (COP27).
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World
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Africa
2/22/2022 6:15:57 PM
The International Monetary Fund could stop its programme in Somalia in three months if long-postponed national elections encounter fresh delays, a senior official told AFP, as she began a mission to the troubled Horn of Africa nation on Tuesday.
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World
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Africa
2/15/2022 3:35:19 PM
EU leaders meet their counterparts from Africa on Thursday for a two-day summit that seeks to reboot ties through a pledge of major investment in the face of competition from China and Russia.
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Business
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Economy
2/1/2022 1:56:33 PM
The World Bank Group (WBG) and the International Monetary Fund (IMF) announced that their annual autumn joint meetings will be held in Washington DC in October instead of Marrakesh, Morocco due to COVID-19 concerns.
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Business
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Economy
1/25/2022 5:41:58 PM
The International Monetary Fund (IMF) upgraded Egypt’s real GDP growth by 0.4 percent in 2022 to 5.6 percent, compared to the fund’s October 2021 projections, according to Petya Koeva Brooks, the IMF’s deputy director of the research department.
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Business
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Economy
1/25/2022 4:08:40 PM
The International Monetary Fund (IMF) has lowered its projections for the global real GDP growth in 2022 to 4.4 percent, down from the 4.9 percent it had projected in October 2021, according to the updated report on the world economic outlook released on Tuesday.
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Business
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Economy
1/24/2022 8:22:35 PM
Executive Director at the International Monetary Fund Mahmoud Mohieldin discussed the effect of inflation on the international economy in a panel discussion on Sunday with Al-Siyassa Al-Dawliya magazine, published by Al-Ahram Foundation.
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Business
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Economy
1/18/2022 6:03:07 PM
Foreign investors have pumped $970 million since early January in investments in Egypt’s long-term treasury bills (T-bills), an official source at the Central Bank of Egypt (CBE) said on Tuesday.
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World
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Region
1/16/2022 9:32:27 AM
Tunisia's crisis-stricken economy needs "deep reforms" such as slashing its vast public wage bill, the International Monetary Fund's outgoing country chief has said as the government seeks a new bailout.
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Egypt
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Politics
1/13/2022 12:01:48 PM
Egyptian President Abdel-Fattah El-Sisi has stressed that the International Monetary Fund (IMF) has not imposed the adoption of any obligatory tracks on Cairo when it applied for the global lender-backed economic reform programme in 2016, saying that they were very understanding.
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World
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Region
1/12/2022 9:10:27 PM
Austria's foreign minister said Wednesday that the European Union wants to help Lebanon escape its economic meltdown, but only if the country's leaders clean up Beirut's affairs.
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Business
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Economy
1/12/2022 5:45:28 PM
The International Monetary Fund (IMF) estimated the financing gap of the Access to COVID-19 Tools (ACT) at $23 billion, urging the international community to close the gap for the sake of boosting recovery from the pandemic, especially in Africa.
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Business
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Economy
1/6/2022 12:13:39 PM
Egypt’s external debt declined slightly in September — the end of the first quarter (1Q) of the current FY2021/2022 — to record $137.4 billion, down from the $137.8 billion posted by the end of June — the end of FY2020/2021— according to recent data published by the Central bank of Egypt (CBE).
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