{"id":550201,"date":"2022-10-18T03:51:15","date_gmt":"2022-10-18T03:51:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/"},"modified":"2022-10-18T03:51:15","modified_gmt":"2022-10-18T03:51:15","slug":"maait-takes-to-the-airwaves-to-talk-imf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/","title":{"rendered":"Maait takes to the airwaves to talk IMF"},"content":{"rendered":"

<\/a> Finance Minister Mohamed Maait hit the talk shows last night after a week in Washington <\/strong>attending the IMF \/ World Bank meetings. <\/strong>He joined Ala Mas\u2019ouletty (watch, runtime: 15:04<\/a>) and Hadrat El Mowaten (watch, runtime: 13:31<\/a>) to talk all things IMF and economy.<\/p>\n

The announcement on our assistance loan from the IMF will come \u201cquickly,\u201d <\/strong>Maait said. We were expecting a final agreement during the meetings in DC last week<\/a>, where local officials, including Maait and CBE governor Hassan Abdalla, met with the IMF. The two sides ultimately only agreed to reach a staff-level agreement \u201cvery soon.\u201d<\/p>\n

Size doesn\u2019t matter: <\/strong>More important than the size of the financing is the message the agreement will send to the world \u2014 that Egypt is working on economic reforms supported by the IMF, Maait told Ala Mas\u2019ouleety. Regular readers will not be surprised to hear that Maait once again declined to disclose the expected size of the loan. Reuters has quoted sources as saying that the package is likely at the lower end of a USD 3-5 bn range.<\/p>\n

Our take: What matters most is the commitment the IMF will surely demand on FX <\/strong>\u2014 namely that we will, finally, allow the currency to float. That\u2019s what will unlock portfolio and foreign direct investment alike.<\/p>\n

Social protection measures are ringfenced, <\/strong>Maait reiterated, adding that the IMF had no objections to government efforts to beef up the social safety net.<\/p>\n

REMEMBER- <\/strong>Egypt entered talks with the IMF in March<\/a> as part of a bid to lock in financial support following the economic shocks caused by Russia\u2019s war in Ukraine, rising interest rates, and the global-risk off in financial markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Finance Minister Mohamed Maait hit the talk shows last night after a week in Washington attending the IMF \/ World Bank meetings. He joined Ala Mas\u2019ouletty (watch, runtime: 15:04) and Hadrat El Mowaten (watch, runtime: 13:31) to talk all things IMF and economy. The announcement on our assistance loan from the IMF will come \u201cquickly,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":550202,"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":[104,72,272,277],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-imf","tag-mohamed-maait","wpautop","entry"],"acf":{"mongo_id":"de50fc9c-9226-4272-ac4e-b9603e601031","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/263.jpg","photo_position":"above","related_issue":[550197],"teaser":"","voice_url":""},"yoast_head":"\nMaait takes to the airwaves to talk IMF - 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\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maait takes to the airwaves to talk IMF\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Mohamed Maait hit the talk shows last night after a week in Washington attending the IMF \/ World Bank meetings. He joined Ala Mas\u2019ouletty (watch, runtime: 15:04) and Hadrat El Mowaten (watch, runtime: 13:31) to talk all things IMF and economy. The announcement on our assistance loan from the IMF will come \u201cquickly,\u201d […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-18T03:51:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/263.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Maait takes to the airwaves to talk IMF\",\"datePublished\":\"2022-10-18T03:51:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/\"},\"wordCount\":283,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/263.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"IMF\",\"Mohamed Maait\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/maait-takes-to-the-airwaves-to-talk-imf\/\",\"name\":\"Maait takes to the airwaves to talk IMF - 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Among the highlights was Maait\u2019s suggestion that we could\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575551,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/19\/egypts-finance-minister-maait-talks-economy-in-imf-world-bank-meetings\/","url_meta":{"origin":550201,"position":2},"title":"Egypt\u2019s Finance Minister Maait talks economy in IMF, World Bank meetings","author":"enterpriseam admin","date":"19 October 2020","format":false,"excerpt":"INVESTMENT WATCH- FinMin pitches investment strategy, improving economic landscape to investors: Egypt is prioritizing investments in the transport, oil and gas, renewable energy, and manufacturing sectors, Finance Minister Mohamed Maait said in separate meetings with senior representatives from HSBC and Standard Chartered and unnamed foreign investors, according to a ministry\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550163,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/expat-car-import-scheme-could-raise-egp-50-bn-worth-of-fx-maait\/","url_meta":{"origin":550201,"position":3},"title":"Expat car import scheme could raise EGP 50 bn worth of FX -Maait","author":"enterpriseam admin","date":"17 October 2022","format":false,"excerpt":"A scheme to allow expat Egyptians to import cars into Egypt and draw back customs and other fees at a later date could raise USD 2.5 bn in FX: Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians\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\/10\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572572,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/gerd-at-the-security-council-maait-on-egypts-economy-and-imf-funding\/","url_meta":{"origin":550201,"position":4},"title":"GERD at the Security Council + Maait on Egypt\u2019s economy and IMF funding","author":"enterpriseam admin","date":"30 June 2020","format":false,"excerpt":"The UN Security Council meeting on the Grand Ethiopian Renaissance Dam (GERD) was by far the most widely covered topic on the airwaves last night. Al Kahera Alaan\u2019s Lamees El Hadidi (watch, runtime: 3:24), El Hekaya\u2019s Amr Adib (watch: runtime: 2:15), and Masaa DMC\u2019s Eman El Hosary (watch, runtime: 10:15)\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593659,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/egypts-non-loan-imf-program-still-under-consideration-maait-tells-bloomberg\/","url_meta":{"origin":550201,"position":5},"title":"Egypt\u2019s non-loan IMF program still \u201cunder consideration,\u201d Maait tells Bloomberg","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"Non-loan IMF program still under consideration but nothing conclusive yet -Maait: Egypt is still looking at securing a non-loan program with the IMF, but future cooperation with the fund could also continue \u201cunder any form,\u201d Finance Minister Mohamed Maait told Bloomberg TV on Thursday (watch, runtime: 2:47). The minister said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/262.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\/550201","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=550201"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550201\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/550197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550202"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550201"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550201"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}