{"id":594311,"date":"2019-10-27T04:08:53","date_gmt":"2019-10-27T04:08:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/"},"modified":"2019-10-27T04:08:53","modified_gmt":"2019-10-27T04:08:53","slug":"egypt-could-sign-new-imf-agreement-in-march-maait","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/","title":{"rendered":"Egypt could sign new IMF agreement in March -Maait"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>Egypt to sign IMF agreement in March? <\/b>Egypt could reach a post-loan agreement with the IMF by March, Finance Minister Mohamed Maait <a href=\"https:\/\/www.euromoney.com\/article\/b1hr139z1htyq4\/egypt-hopes-to-secure-new-imf-agreement-by-march-says-finance-minister\">told Euromoney<\/a>. \u201cWe have already started talking with the IMF about a future engagement and we have been in informal discussion about what will be the coming engagement, and we have put a target to finish this discussion by end of March,\u201d he said.<\/p>\n<p><b>What we know so far:<\/b> The Finance Ministry has telegraphed several times this year that it is eyeing up an agreement with the fund after the current three-year USD 12 bn extended fund facility ends in November. Maait <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/26\/egypt-hopes-to-reach-a-non-loan-program-agreement-with-imf-before-october\/\">told Bloomberg initially<\/a> that the ministry was aiming to agree a two-year program by October, a plan that was <a href=\"http:\/\/enterprise.press\/stories\/2019\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/\">swiftly put down<\/a> by the fund, which declined to enter talks until the end of the current program. The IMF\u2019s Middle East and Central Asia Director Jihad Azour <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/20\/imf-hints-at-post-loan-arrangements-with-egypt\/\">said last week<\/a> that any future engagement would likely focus on developing the private sector, strengthening welfare provisions, and increasing the transparency of state organizations. In a research note <a href=\"https:\/\/alborsaanews.com\/2019\/10\/26\/1258824\">cited yesterday by the press<\/a>, Bank of America said talks could produce a non-loan agreement with a mandatory <a href=\"https:\/\/www.investopedia.com\/terms\/r\/reserve_tranche.asp\">reserve tranche<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt to sign IMF agreement in March? Egypt could reach a post-loan agreement with the IMF by March, Finance Minister Mohamed Maait told Euromoney. \u201cWe have already started talking with the IMF about a future engagement and we have been in informal discussion about what will be the coming engagement, and we have put a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":594312,"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":[8572],"tags":[7106,2415,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-debt","tag-economic-reform-program","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f07c31cb-37e4-4705-8585-a36ca1916152","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/2\/174.jpg","photo_position":"above","related_issue":[594306],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt could sign new IMF agreement in March -Maait - 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\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt could sign new IMF agreement in March -Maait\" \/>\n<meta property=\"og:description\" content=\"Egypt to sign IMF agreement in March? Egypt could reach a post-loan agreement with the IMF by March, Finance Minister Mohamed Maait told Euromoney. \u201cWe have already started talking with the IMF about a future engagement and we have been in informal discussion about what will be the coming engagement, and we have put a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-27T04:08:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/174.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\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt could sign new IMF agreement in March -Maait\",\"datePublished\":\"2019-10-27T04:08:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/\"},\"wordCount\":209,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/174.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"economic reform program\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/egypt-could-sign-new-imf-agreement-in-march-maait\/\",\"name\":\"Egypt could sign new IMF agreement in March -Maait - 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non-loan program and hopes to reach an agreement by October, Finance Minister Mohamed Maait told Bloomberg TV yesterday (watch, runtime: 4:59). \u201cWe started discussing with the IMF, first of all, what are the options Egypt is eligible to and after that\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1125.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596527,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/imf-says-no-talks-with-egypt-over-new-program\/","url_meta":{"origin":594311,"position":1},"title":"IMF says no talks with Egypt over new program","author":"enterpriseam admin","date":"1 July 2019","format":false,"excerpt":"Finish your plate before asking for a new program, IMF tells Egypt: The International Monetary Fund (IMF) will not open talks with Egypt over new support until the government has finished implementing the current program of economic reforms, IMF assistant communications director Camilla Andersen told a press briefing. \u201cWe\u2019re not\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":593659,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/egypts-non-loan-imf-program-still-under-consideration-maait-tells-bloomberg\/","url_meta":{"origin":594311,"position":2},"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 &quot;Speed Round&quot;","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":[]},{"id":569068,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/egypts-post-loan-imf-structural-reform-agreement-will-tackle-bureaucracy-says-amer\/","url_meta":{"origin":594311,"position":3},"title":"Egypt\u2019s post-loan IMF structural reform agreement will tackle bureaucracy, says Amer","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"Egypt\u2019s post-loan IMF structural reform agreement will tackle bureaucracy, says Amer: Egypt is still in talks with the IMF over a post-loan structural reform agreement, which could focus on eliminating bureaucracy to clear a significant hurdle in attracting private sector investment, Central Bank of Egypt (CBE) Governor Tarek Amer said\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/165.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591829,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/is-egypt-seeking-a-standby-credit-facility-from-the-imf\/","url_meta":{"origin":594311,"position":4},"title":"Is Egypt seeking a Standby Credit Facility from the IMF?","author":"enterpriseam admin","date":"18 December 2019","format":false,"excerpt":"Is Egypt seeking a standby credit facility from the IMF? Egypt\u2019s post-loan agreement with the IMF is could take the form of a standby credit facility, which \u201cprovides financial assistance to low-income countries \u2026 with short-term balance of payments needs,\u201d unnamed government sources tell the local press. The facility\u2019s duration\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":594409,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/29\/egypt-and-imf-continue-talks-for-post-loan-agreement\/","url_meta":{"origin":594311,"position":5},"title":"Egypt and IMF continue talks for post-loan agreement","author":"enterpriseam admin","date":"29 October 2019","format":false,"excerpt":"IMF\u2019s Azour confirms talks are ongoing with Egypt on post-loan cooperation: Egypt and the IMF are currently in talks to set the parameters of a potential future engagement once our USD 12 bn Extended Fund Facility expires next month, the IMF\u2019s Middle East and Central Asia Director Jihad Azour tells\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594311","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=594311"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594311\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/594312"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594311"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594311"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}