{"id":575583,"date":"2020-10-20T04:20:59","date_gmt":"2020-10-20T04:20:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/last-nights-talk-shows-imfs-azour-talks-regional-economic-outlook-upcoming-review-of-egypts-sba\/"},"modified":"2020-10-20T04:20:59","modified_gmt":"2020-10-20T04:20:59","slug":"last-nights-talk-shows-imfs-azour-talks-regional-economic-outlook-upcoming-review-of-egypts-sba","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/last-nights-talk-shows-imfs-azour-talks-regional-economic-outlook-upcoming-review-of-egypts-sba\/","title":{"rendered":"Last Night\u2019s Talk Shows: IMF\u2019s Azour talks regional economic outlook, upcoming review of Egypt\u2019s SBA"},"content":{"rendered":"

It was a busy night on the airwaves last night, especially for Kelma Akhira\u2019s Lamees El<\/strong> Hadidi<\/strong>, who covered everything from an upcoming IMF review to disburse a second tranche of the USD 5.2 bn standby arrangement, to the upcoming House of Representatives election.<\/p>\n

<\/a> MENA economies will only start to a robust economic recovery once a covid vaccine is available<\/strong>, but governments need to continue doing what they can to support their economies until then, Director of the IMF\u2019s Middle East and Central Asia department Jihad Azour told Lamees in a conversation about the fund\u2019s regional economic outlook report. For Egypt, Azour stressed the importance of sticking to its economic reform program, which he noted is a key reason we entered the crisis on relatively strong footing and allowed us to be the only country in the region that is expected to escape a recession this year. Shoring up the country\u2019s social safety net through programs such as Takaful and Karama, as well as encouraging private sector investment, should also be top priorities for the government to be best-positioned for the post-covid recovery, Azour said.<\/p>\n

The first of Egypt\u2019s two reviews under the IMF\u2019s USD 5.2 bn standby arrangement (SBA) is scheduled \u201cwithin weeks,\u201d<\/strong> Azour told Lamees. The review is a precursor to the disbursement of the second tranche of the SBA, of which Egypt has already received USD 2 bn (watch, runtime: 20:39<\/a>).<\/p>\n

In other news from the IMF, economist and former investment minister Mahmoud Mohieldin has been elected <\/strong>as the next executive board member<\/strong> of the fund, succeeding former Egyptian prime minister Hazem El Beblawi, Lamees said. Mohieldin \u2014 who is currently the UN Special Envoy on financing the 2030 development agenda \u2014 will represent Egypt and the Arab Group on the IMF\u2019s board. All 11 Arab countries nominated Mohieldin for the job, Lamees noted (watch, runtime: 3:23<\/a>).<\/p>\n

<\/a> Emaar\u2019s Alabbar is bullish on our real estate market:<\/strong> Egypt\u2019s real estate market is poised to stage a speedy recovery next year as investment conditions are expected to improve, Emirati businessman and Emaar Real Estate Chairman Mohamed Alabbar told Lamees. Alabbar noted that Egypt is one of Emaar\u2019s most profitable markets, alongside the UAE, leading the developer to remain bullish on the country\u2019s prospects (watch, runtime: 3:00<\/a>).<\/p>\n

House elections abroad:<\/strong> Expats who have registered to vote in the House of Representatives elections (which kick off abroad tomorrow) can mail in their ballots to avoid crowds at embassies, Emigration Minister Nabila Makram Ebeid told Lamees (watch, runtime: 7:17<\/a>). Meanwhile, National Elections Authority head Lashin Ibrahim said that the authority has judges in place to monitor the vote and has pandemic-related precautionary measures in place for voters and judges alike, Ala Mas\u2019ouleety\u2019s Ahmed Moussa noted (watch, runtime: 7:43<\/a>).<\/p>\n

A team of Egyptian archaeologists unearthed a new tomb at Saqqara<\/strong> filled with colorful, sealed sarcophagi buried more than 2.5k years ago as well as a collection of wooden statues, cabinet said in a statement<\/a>. Supreme Council of Antiquities Secretary General Mostafa Waziri detailed the discovery and noted that five museums will be inaugurated over the next few weeks in separate conversations with Al Hayah Al Youm\u2019s Lobna Assal (watch, runtime: 11:41<\/a>) and El Hekaya\u2019s Amr Adib (watch, runtime: 9:16<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

It was a busy night on the airwaves last night, especially for Kelma Akhira\u2019s Lamees El Hadidi, who covered everything from an upcoming IMF review to disburse a second tranche of the USD 5.2 bn standby arrangement, to the upcoming House of Representatives election. MENA economies will only start to a robust economic recovery once […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9281],"tags":[2379,72,276,272,3368,277],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575583","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","tag-finance-ministry","tag-imf","tag-jihad-azour","tag-mohamed-maait","wpautop","entry"],"acf":{"mongo_id":"25059e93-687e-4894-a561-83c2986aa99d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575579],"teaser":"","voice_url":""},"yoast_head":"\nLast Night\u2019s Talk Shows: IMF\u2019s Azour talks regional economic outlook, upcoming review of Egypt\u2019s SBA - 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\/2020\/10\/20\/last-nights-talk-shows-imfs-azour-talks-regional-economic-outlook-upcoming-review-of-egypts-sba\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last Night\u2019s Talk Shows: IMF\u2019s Azour talks regional economic outlook, upcoming review of Egypt\u2019s SBA\" \/>\n<meta property=\"og:description\" content=\"It was a busy night on the airwaves last night, especially for Kelma Akhira\u2019s Lamees El Hadidi, who covered everything from an upcoming IMF review to disburse a second tranche of the USD 5.2 bn standby arrangement, to the upcoming House of Representatives election. 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We have the full story in this morning\u2019s Speed Round, below.Egypt has \u201clargely\u201d achieved the goals of reform, IMF\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":634969,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/30\/imf-not-worries-about-impact-of-higher-oil-prices-on-egypts-fiscal-reforms\/","url_meta":{"origin":575583,"position":1},"title":"IMF not worries about impact of higher oil prices on Egypt\u2019s fiscal reforms","author":"enterpriseam admin","date":"30 January 2018","format":false,"excerpt":"The IMF isn\u2019t overly concerned about the impact of higher oil prices on Egypt\u2019s fiscal reforms, according to IMF's Middle East & Central Asia Department Director Jihad Azour. In an interview with Al Shorouk on the sidelines of the IMF\u2019s economic conference in Morocco, Azour said fiscal imbalances which could\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":636806,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/egypt-seeing-broad-based-growth-neom-to-benefit-the-whole-region-imf\/","url_meta":{"origin":575583,"position":2},"title":"Egypt seeing broad-based growth, Neom to benefit the whole region -IMF","author":"enterpriseam admin","date":"1 November 2017","format":false,"excerpt":"Egypt is now seeing a \u201c\u2018broad-based,\u2019 recovery across industries, a sign that reform measures such as floating the currency are starting to pay off even as inflation remains high,\u201d Jihad Azour, head 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"Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/1071.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":588190,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/07\/could-the-imfs-mena-chief-become-lebanons-next-president\/","url_meta":{"origin":575583,"position":4},"title":"Could the IMF\u2019s MENA chief become Lebanon\u2019s next president?","author":"enterpriseam admin","date":"7 June 2023","format":false,"excerpt":"Lebanon has been without a president since October","rel":"","context":"In "AROUND THE WORLD"","block_context":{"text":"AROUND THE 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