{"id":577035,"date":"2022-11-07T04:00:57","date_gmt":"2022-11-07T04:00:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/day-1-of-cop27-dominates-airwaves-egp-float-was-a-smart-move-says-imf-boss\/"},"modified":"2022-11-07T04:00:57","modified_gmt":"2022-11-07T04:00:57","slug":"day-1-of-cop27-dominates-airwaves-egp-float-was-a-smart-move-says-imf-boss","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/day-1-of-cop27-dominates-airwaves-egp-float-was-a-smart-move-says-imf-boss\/","title":{"rendered":"Day 1 of COP27 dominates airwaves + EGP float was a smart move, says IMF boss"},"content":{"rendered":"

The opening day of the COP27 summit got all the attention from the nation\u2019s <\/strong>talking heads<\/strong>, who have all decamped to Sharm El Sheikh to broadcast live from the conference:<\/p>\n

#1- Passing of the torch from COP26 President Alok Sharma to Sameh Shoukry:<\/strong> Sada Al Balad (watch, runtime: 2:30<\/a>), Masaa DMC (watch, runtime: 1:53<\/a>), Al Hadath Al Youm (watch, runtime: 2:41<\/a>) among others.<\/p>\n

#2- Loss and damage:<\/strong> Masaa DMC\u2019s Ramy Radwan (watch, runtime: 2:36<\/a>) and Kelma Akhira\u2019s Lamees El Hadidi both dedicated time to discussing loss and damage. El Hadidi talked to the former CEO of the Multilateral Fund for the Implementation of the Montreal Protocol<\/a>, Omar El Erini, about the subject (watch, runtime: 5:41<\/a>).<\/p>\n

#3- Movers and shakers:<\/strong> Radwan interviewed COP27 President and Foreign Minister Sameh Shoukry (watch, runtime: 23:14<\/a>) and COP26 High-Level Climate Action Champion Nigel Topping on all things climate change (watch, runtime: 18:11<\/a>).<\/p>\n

\n

<\/a> The main event last night wasn\u2019t COP-related:<\/strong> IMF Managing Director Kristalina Georgieva sat down for a one-on-one with Lamees to discuss the new USD 3 bn program agreed with Egypt and the global economic crisis. The interview came hours after Georgieva met with President El Sisi<\/a> on the opening day of the summit in Sharm El Sheikh yesterday.<\/p>\n

In her own words: \u201cI applauded Egypt\u2019s commitment to strong policies<\/strong> to shield its economy from successive global shocks. Bold reforms will help secure a more inclusive & sustainable future for its people,\u201d Georgieva wrote on social media<\/a> after the meeting.<\/p>\n

Moving towards a durably flexible exchange rate regime was a \u201csmart move,\u201d<\/strong> Georgieva told El Hadidi (watch, runtime: 2:03<\/a>). \u201cIf you tried to protect the local currency, you\u2019d be depleting your [foreign] reserves,\u201d she said. Egypt was also smart for deciding early on to seek fresh assistance from the Washington-based lender, she said (watch, runtime: 2:40<\/a>).<\/p>\n

A concessional payment schedule: <\/strong>Georgieva emphasized the terms attached to the loan that won\u2019t see Egypt begin repayments for another 10 years, and take another 10 years to pay off the principal and interest (watch, runtime: 1:15<\/a>).<\/p>\n

On the global economy:<\/strong> One-third of the global economy could be hit by recession next year, Georgieva said, estimating that the world will see USD 4 tn in lost output by 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

The opening day of the COP27 summit got all the attention from the nation\u2019s talking heads, who have all decamped to Sharm El Sheikh to broadcast live from the conference: #1- Passing of the torch from COP26 President Alok Sharma to Sameh Shoukry: Sada Al Balad (watch, runtime: 2:30), Masaa DMC (watch, runtime: 1:53), Al […]<\/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":[7232],"tags":[228,72,272,1368,106,10508],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577035","post","type-post","status-publish","format-standard","hentry","category-last-nights-talk-shows","tag-cop27","tag-enterpriseam","tag-imf","tag-kristalina-georgieva","tag-last-nights-talk-shows","tag-loss-and-damage-compensation","wpautop","entry"],"acf":{"mongo_id":"d353d083-db76-4344-8194-d6edaea87a19","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[577015],"teaser":"","voice_url":""},"yoast_head":"\nDay 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Qatar\u2019s defeat to Ecuador in the opening game of the tournament.COP wrap: In an interview on Al Hayah Al\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/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":577066,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/the-cop27-leaders-summit-dominates-the-conversation-on-the-nations-talk-shows\/","url_meta":{"origin":577035,"position":1},"title":"The COP27 leaders\u2019 summit dominates the conversation on the nation\u2019s talk shows","author":"enterpriseam admin","date":"8 November 2022","format":false,"excerpt":"It was all COP all night long on the talk shows last night as the talking heads recapped the opening ceremony and the first day of the leaders\u2019 summit.President El Sisi\u2019s opening address and his plea to end the war in Ukraine received coverage from everyone, including Kelma Akhira (watch,\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/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":549747,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/28\/last-nights-talk-shows-el-sisis-promise-to-investors-our-smart-green-initiative\/","url_meta":{"origin":577035,"position":2},"title":"Last Night\u2019s Talk Shows: El Sisi\u2019s promise to investors + Our smart green initiative","author":"enterpriseam admin","date":"28 September 2022","format":false,"excerpt":"El Sisi\u2019s pledge to sort out the major problems plaguing investors in two months' time kept the talking heads busy for the night. \u201cI predict that our import issues will be resolved within two months seeing as we are awaiting the IMF agreement, which will give us a clearer idea\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/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":577100,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/it-was-coptv-on-every-channel-last-night\/","url_meta":{"origin":577035,"position":3},"title":"It was COPTV on every channel last night","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"It should come as no surprise that COP continued to dominate airwaves last night as the third day of the climate summit played host to several major renewable-energy agreements.Most talk shows focused on the energy MoUs signed yesterday, most notably a 10-GW wind farm announced by our friends at Hassan\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/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":548073,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/25\/last-nights-talk-shows-lavrov-is-in-cairo-cop27-and-whats-up-with-alleged-damage-to-north-coast-beaches\/","url_meta":{"origin":577035,"position":4},"title":"Last Night\u2019s Talk Shows: Lavrov is in Cairo + COP27 \u2014 and what\u2019s up with alleged damage to North Coast beaches?","author":"enterpriseam admin","date":"25 July 2022","format":false,"excerpt":"Russian Foreign Minister Sergey Lavrov\u2019s visit to Cairo yesterday dominated the airwaves last night. We have the details in this morning\u2019s Diplomacy, above.What\u2019s happening with North Coast beaches? The Environment Ministry has hired international specialists to assess whether alleged damage to some North Sea beaches is related to climate change\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/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":576920,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/last-nights-talk-shows-cop27-preparations-the-arab-league-summit-and-the-egp-float\/","url_meta":{"origin":577035,"position":5},"title":"Last Night\u2019s Talk Shows: COP27 preparations, the Arab League summit and the EGP float","author":"enterpriseam admin","date":"2 November 2022","format":false,"excerpt":"It was a mixed bag on the talk shows yesterday, with the aftermath of Thursday\u2019s EGP float, preparation for next week\u2019s COP27 summit, and the Arab League summit in Algeria all getting lots of attention.COP prep: Yesterday\u2019s visit by Prime Minister Moustafa Madbouly to Sharm El Sheikh to inspect the\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577035","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=577035"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577035\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577015"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577035"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577035"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}