73188
IMF Sees ‘Good Progress’ in Egypt
IMF Sees ‘Good Progress’ in Egypt

IMF Sees ‘Good Progress’ in Egypt

IMF Sees ‘Good Progress’ in Egypt

Egypt has made “good progress” to its IMF-backed reform program despite seeking waivers for missing some targets in June and a deeper-than-expected currency depreciation, but inflation remains the main risk for stability, the IMF said on Tuesday, Reuters reported. Egypt agreed a three-year, $12 billion IMF loan program in November last year that is tied to ambitious economic reforms such as spending cuts and tax hikes to help revive an economy where subsidies accounted for a quarter of state spending. The IMF has already approved $4 billion in loan installments, most recently releasing $1.25 billion.

Short URL : https://goo.gl/kPYUQX
  1. https://goo.gl/sR5Xko
  • https://goo.gl/GFXaTR
  • https://goo.gl/5SsYPC
  • https://goo.gl/ubLWty
  • https://goo.gl/EeZkMT

You can also read ...

Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus