{"id":578158,"date":"2022-12-18T04:00:23","date_gmt":"2022-12-18T04:00:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/18\/last-nights-talk-shows-all-about-the-imf\/"},"modified":"2022-12-18T04:00:23","modified_gmt":"2022-12-18T04:00:23","slug":"last-nights-talk-shows-all-about-the-imf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/18\/last-nights-talk-shows-all-about-the-imf\/","title":{"rendered":"Last Night\u2019s Talk Shows: All about the IMF"},"content":{"rendered":"

It was all about the IMF on last night\u2019s talk shows<\/strong> following the executive board\u2019s approval of our long-awaited USD 3 bn loan program on Friday (we have all the details in this morning\u2019s news well, above).<\/p>\n

The IMF agreement is no \u201cmagic wand\u201d t<\/strong>o solve all our economic woes<\/strong> but it will help pave the way for a new monetary policy, Kelma Akhira\u2019s Lamees El Hadidi said yesterday (watch, runtime: 2:35<\/a>), saying that it is within the state\u2019s hands to learn from this economic crisis and take action towards the needed monetary policy.<\/p>\n

What\u2019s in it for us? <\/strong>\u201cIn the short-term the loan will help us resolve issues like our backlogged ports, bridge the gap between official and black market USD exchange rates and stabilize prices. These short-term plans need some USD 6-9 bn. As for the long-term, we could be looking at more inflows, higher employment rate and higher income,\u201d El Hadidi said (watch, runtime: 3:58<\/a>).<\/p>\n

The Egyptian economy will stabilize as soon as our backlogged ports start clearing up<\/strong>, CIB non-executive chairman<\/a> Hisham Ezz Al Arab told El Hadidi (watch, runtime: 3:28<\/a>). Clearing up the ports won\u2019t be as expensive as people believe because many importers no longer want their products and will decide to auction it off rather than going through the hassle of releasing them from the ports, he added.<\/p>\n

Why is a flexible EGP good news? <\/strong>Flexible currency makes it easier for a country to absorb external shocks, Ezz Al Arab said (watch, runtime: 16:10<\/a>). If the state had adopted a flexible exchange rate it would have helped lessen the USD 22 bn in outflows we saw earlier this year, he explained. Also covering the news:<\/strong> Masaa DMC (watch, runtime: 11:41<\/a>) and Al Hayah Al Youm (watch, runtime: 5:25<\/a>).<\/p>\n

ALSO ON THE AIRWAVES-<\/strong><\/p>\n

Demand for the expat car import scheme hasn\u2019t lived up to expectations <\/strong>hence the cabinet amending the process last week (watch, runtime: 19:21<\/a>). The amendments came in response to complaints the state has received, customs official Ahmed Abu Bakr told Kelma Akhira. The amendments include<\/a> no longer requiring buyers to deposit fees for the program three months before transfers and waiving the requirement to have the Foreign Ministry certifying residences, bank statements and other documents related to the imported vehicles data was also scrapped.<\/p>\n

The amendments are unlikely to drum up demand for the scheme<\/strong>, Alaa Selim, the secretary-general of the General Union for Egyptians Abroad said, adding that devalued EGP is making it more difficult for people to partake in the program. Finance Minister Mohamed Maait had previously said<\/a> that the scheme could raise up to USD 2.5 bn in FX.<\/p>\n","protected":false},"excerpt":{"rendered":"

It was all about the IMF on last night\u2019s talk shows following the executive board\u2019s approval of our long-awaited USD 3 bn loan program on Friday (we have all the details in this morning\u2019s news well, above). The IMF agreement is no \u201cmagic wand\u201d to solve all our economic woes but it will help pave […]<\/p>\n","protected":false},"author":1,"featured_media":578159,"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":[96,144,104,72,2234,2307,272,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-abdel-fattah-el-sisi","tag-automotive","tag-economy","tag-enterpriseam","tag-foreign-exchange","tag-hisham-ezz-al-arab","tag-imf","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"47600a45-69f2-4e7a-a9de-5379c74fd929","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/363.jpg","photo_position":"above","related_issue":[578137],"teaser":"","voice_url":""},"yoast_head":"\nLast Night\u2019s Talk Shows: All about the 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\/12\/18\/last-nights-talk-shows-all-about-the-imf\/\" \/>\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: All about the IMF\" \/>\n<meta property=\"og:description\" content=\"It was all about the IMF on last night\u2019s talk shows following the executive board\u2019s approval of our long-awaited USD 3 bn loan program on Friday (we have all the details in this morning\u2019s news well, above). 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Ala Mas\u2019ouleety\u2019s Ahmed Moussa (watch, runtime: 5:35) and Masaa DMC\u2019s Jasmine Zaky (watch, runtime: 3:58) had cut-and-dry coverage,\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":550061,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/12\/last-nights-talk-shows-on-all-things-economy\/","url_meta":{"origin":578158,"position":1},"title":"Last Night\u2019s Talk Shows on all things economy","author":"enterpriseam admin","date":"12 October 2022","format":false,"excerpt":"Our talking heads put on their economist hats for the night, after the IMF released its revised World Economic Outlook report (see the full details in our Economy section, above). The pundits took us through what the outlook means for Egypt \u2014 and reassured us that it\u2019s not time to\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":611232,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/04\/could-the-war-on-gaza-help-us-secure-a-larger-imf-loan\/","url_meta":{"origin":578158,"position":2},"title":"Could the war on Gaza help us secure a larger IMF loan?","author":"enterpriseam admin","date":"4 December 2023","format":false,"excerpt":"It was another econ-heavy night on the airwaves, as our favorite talk show host Lamees El Hadidi brought us the latest on our IMF loan agreement. The remaining talking heads were hyperfixed on the presidential elections. War on our border = more money from the IMF? Egypt is well-positioned to\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\/2023\/12\/155.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550138,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/16\/last-nights-talk-shows-our-imminent-imf-agreement-hungry-chicks\/","url_meta":{"origin":578158,"position":3},"title":"Last Night\u2019s Talk Shows: Our imminent IMF agreement + hungry chicks","author":"enterpriseam admin","date":"16 October 2022","format":false,"excerpt":"Last night\u2019s talk shows focused on the IMF package that\u2019s arriving \u201cvery soon:\u201d Deprived of a concrete announcement on our imminent IMF loan, the talking heads were forced to discuss it once again in hypothetical terms. A chicken feed crisis also had the pundits squawking.Securing the IMF loan will attract\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":653673,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/egypt-may-reevaluate-imf-loan-agreement-as-reform-program-amps-up-the-pressure\/","url_meta":{"origin":578158,"position":4},"title":"Egypt may reevaluate IMF loan agreement as reform program amps up the pressure","author":"enterpriseam admin","date":"21 October 2024","format":false,"excerpt":"The delayed fourth IMF loan review will focus on reforms like further subsidy cuts, building monetary reserves, capping tax breaks, and boosting revenues","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\/2024\/10\/1711.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611606,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/10\/election-coverage-and-the-imf-dominate-the-airwaves\/","url_meta":{"origin":578158,"position":5},"title":"Election coverage and the IMF dominate the airwaves","author":"enterpriseam admin","date":"10 December 2023","format":false,"excerpt":"The nation\u2019s airwaves were dominated by pre-election day coverage last night, with all the talking heads giving their final previews ahead of polling stations opening today. The hosts of Kelma Akhira (watch, runtime: 22:51),El Hekaya (watch, runtime: 1:11 | 1:45), Masaa DMC (watch, runtime: 3:58), Al Hayah Al Youm (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\/2023\/12\/590.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\/578158","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=578158"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578158\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578159"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578158"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578158"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}