{"id":546690,"date":"2022-05-25T04:00:41","date_gmt":"2022-05-25T04:00:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/imf-program-in-2-months\/"},"modified":"2022-05-25T04:00:41","modified_gmt":"2022-05-25T04:00:41","slug":"imf-program-in-2-months","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/imf-program-in-2-months\/","title":{"rendered":"IMF program in 2 months?"},"content":{"rendered":"

<\/a> Egypt hopes to finalize a fresh assistance program with the IMF \u201cwithin two <\/strong>months,\u201d<\/strong> Prime Minister Moustafa Madbouly told lawmakers yesterday in an address focusing on the government\u2019s response to what he said was the worst global crisis since the Second World War, according to cabinet statements (here<\/a>and here<\/a>). Madbouly did not provide details on the program during the meeting, but said it would aim to \u201csustain [the state\u2019s] economic reform programs \u2026 and affirm that Egypt is moving in a disciplined manner.\u201d<\/p>\n

BACKGROUND-<\/strong> We\u2019ve been in talks with the Fund for several months<\/a> on a new assistance program to help us mitigate the fiscal strain and balance of payments pressure caused by spillover effects from the war in Ukraine. Madbouly said earlier this month<\/a> that it could take months before an agreement is sealed, while CBE governor Tarek Amer said<\/a> we would only receive limited funding due to it already exceeding its quota. Finance Minister Mohamed Maait said earlier this week that talks were going \u201cvery well<\/a>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt hopes to finalize a fresh assistance program with the IMF \u201cwithin two months,\u201d Prime Minister Moustafa Madbouly told lawmakers yesterday in an address focusing on the government\u2019s response to what he said was the worst global crisis since the Second World War, according to cabinet statements (hereand here). Madbouly did not provide details on […]<\/p>\n","protected":false},"author":1,"featured_media":546691,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[104,72,272,281],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-imf","tag-moustafa-madbouly","wpautop","entry"],"acf":{"mongo_id":"532345ba-efbd-4843-ad86-99ca11b4000a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/332.jpg","photo_position":"above","related_issue":[546684],"teaser":"","voice_url":""},"yoast_head":"\nIMF program in 2 months? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/imf-program-in-2-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF program in 2 months?\" \/>\n<meta property=\"og:description\" content=\"Egypt hopes to finalize a fresh assistance program with the IMF \u201cwithin two months,\u201d Prime Minister Moustafa Madbouly told lawmakers yesterday in an address focusing on the government\u2019s response to what he said was the worst global crisis since the Second World War, according to cabinet statements (hereand here). 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The statement didn\u2019t provide any details about the talks. Madbouly\u2019s statement comes amid growing pressure on the EGP and\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/354.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546690"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546690\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546691"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546690"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546690"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}