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Egypt
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Politics
8/18/2022 11:24:56 PM
In a meeting with Executive Director at the International Monetary Fund (IMF) Mahmoud Mohieldin and newly-appoint acting governor of the Central Bank of Egypt Hassan Abdallah, Egypt’s Prime Minister Mostafa Madbouly said that the main priorities of the government currently are to guarantee the stability of the economy and reduce the negative impact of the global economic crisis.
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Business
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Economy
8/17/2022 6:47:59 PM
After a term of seven years, Governor of the Central Bank of Egypt (CBE) Tarek Amer resigned from his position on Wednesday, just one day before the scheduled meeting of the CBE’s Monetary Policy Committee (MPC).
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Business
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Economy
8/17/2022 12:45:05 PM
President Abdel-Fattah El-Sisi accepted on Wednesday the resignation submitted by the Governor of the Central Bank of Egypt (CBE) Tarek Amer and appointed him as a presidential adviser, according to a statement by the presidency.
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World
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International
8/16/2022 6:46:28 PM
Sri Lanka will not extend a state of emergency imposed to control anti-government protests as the situation in the impoverished nation has "stabilised", the president's office said Tuesday.
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Al-Ahram Weekly
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Egypt
8/3/2022 12:10:00 PM
Recent rises in US interest rates are driving the dollar higher against other world currencies, including the Egyptian pound.
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Business
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Economy
8/1/2022 5:52:33 PM
The current negotiations between the Egyptian government and the International Monetary Fund (IMF) over a new loan are now taking a “serious turn,” Fakhri El-Fiqi, head of Egypt's House of Representatives' Budget Committee, said on Sunday evening.
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World
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International
7/31/2022 10:40:47 AM
Pakistan's powerful army chief has contacted Washington, seeking U.S. help in securing an early release of a crucial $1.7 billion installment from the International Monetary Fund to his country, struggling with a deepening economic crisis, Pakistani officials said Saturday.
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Business
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Economy
7/27/2022 6:42:27 PM
Talks between Egypt and the International Monetary Fund (IMF) on an Egyptian request for a new loan have achieved "great progress," and the government is still working to resolve disputed points with the international lender, Minister of Finance Mohamed Maait told Al-Arabiya on Wednesday.
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Business
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Economy
7/27/2022 1:48:47 PM
In its Ex-Post Evaluation of Egypt’s Exceptional Access under the 2020 Stand-By Arrangement (EPE) report, the IMF’s Executive Board said that the 12-month loan deal with Egypt under the SBA arrangement that ended in June 2021 achieved its primary objective in terms of maintaining the country’s macroeconomic stability.
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World
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Region
7/26/2022 11:46:14 PM
Lebanon's parliament on Tuesday passed long-awaited amendments to the banking secrecy law to unlock a potential $3 billion financial assistance package from the International Monetary Fund (IMF), Al-Jadeed local TV channel reported.
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War in Ukraine
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Economy
7/26/2022 10:07:08 PM
Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine, Russia's economy appears to be weathering the storm better than expected as it benefits from high energy prices, the IMF said Tuesday.
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Business
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Economy
7/26/2022 6:25:47 PM
The United States has only a slim chance of avoiding an economic downturn given the many risks it faces, the IMF said Tuesday.
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Business
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Economy
7/26/2022 6:10:21 PM
The International Monetary Fund (IMF) has maintained its projections for Egypt’s real GDP growth in 2022 at 5.9 percent, while revising it down to 4.8 percent in 2023, said Petya Koeva Brooks the Deputy Director of the Research Department at the IMF.
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Business
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Economy
7/26/2022 3:17:31 PM
The International Monetary Fund (IMF) downgraded global real GDP growth for the second time since the outbreak of the Russian-Ukrainian War to 3.2 percent, down from the 3.6 percent it projected in April and 6.1 percent it expected in 2021.
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War in Ukraine
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Economy
7/16/2022 3:20:26 PM
A two-day meeting of finance ministers from the Group of 20 major economies ended Saturday in Indonesia without a joint communique after Russia's war in Ukraine divided the global forum.
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War in Ukraine
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Economy
7/13/2022 4:03:48 PM
The global economic outlook has "darkened significantly" and could deteriorate further, the IMF's managing director said Wednesday, citing Russia's war in Ukraine and the rapid inflation it has caused, threatening widespread hunger and poverty.
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World
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International
7/11/2022 1:52:55 PM
Millions of rupees in cash left behind by Sri Lanka's president when he fled his official residence was handed over to a court Monday after being turned in by protesters, police said as a succession battle got under way.
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World
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International
7/10/2022 3:42:41 PM
Sri Lanka's prime minister said late last month that the island nation's debt-laden economy had ``collapsed'' as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring India and China and from the International Monetary Fund.
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World
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International
7/10/2022 12:51:28 PM
Sri Lanka's opposition political parties will meet Sunday to agree on a new government a day after the country's president and prime minister offered to resign in the most dramatic day of months long political turmoil, with protesters storming both leaders' homes and setting fire to one of the buildings in a rage over the economic crisis.
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Business
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Economy
7/8/2022 10:08:00 PM
The International Monetary Fund (IMF) concluded on Thursday a staff-level mission to Egypt – through a team led by IMF mission chief for Egypt Celine Allard – to discuss a new loan programme with Egypt, the Fund announced on Friday.
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