{"id":627451,"date":"2018-06-03T04:03:28","date_gmt":"2018-06-03T04:03:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/03\/shored-up-fx-reserves-have-helped-the-economy-absorb-external-shocks-says-lall\/"},"modified":"2018-06-03T04:03:28","modified_gmt":"2018-06-03T04:03:28","slug":"shored-up-fx-reserves-have-helped-the-economy-absorb-external-shocks-says-lall","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/03\/shored-up-fx-reserves-have-helped-the-economy-absorb-external-shocks-says-lall\/","title":{"rendered":"Shored-up FX reserves have helped the economy absorb external shocks, says Lall"},"content":{"rendered":"

Egypt\u2019s shored-up FX reserves have helped the economy absorb the effects of external shocks<\/strong>, IMF Mission Chief for Egypt Subir Lall said in remarks to MENA carried by Al Ahram<\/a>. Tough global financial conditions have had a relatively muted effect on Egypt in comparison to other countries, particularly emerging markets, as Egypt has been working on improving its monetary policy and overall economic conditions, Lall said. Lall continued to sing the praises of the Ismail government\u2019s economic reform program, saying that rising growth, dropping unemployment rates and other key metrics are clear signs of improvement. He also said that reforms will continue bearing fruit by bringing down inflation and debt levels, reducing Egypt\u2019s current account deficit, and accelerating economic growth. Egypt\u2019s net foreign reserves grew to USD 44.03 bn in April, marking an all-time high<\/a>.<\/p>\n

Meanwhile: Egypt\u2019s M2 money supply grew at a rate of 21.36% y-o-y in April<\/strong> to reach EGP 3.38 tn (USD 189.36 bn), the central bank announced on Thursday, Reuters reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s shored-up FX reserves have helped the economy absorb the effects of external shocks, IMF Mission Chief for Egypt Subir Lall said in remarks to MENA carried by Al Ahram. Tough global financial conditions have had a relatively muted effect on Egypt in comparison to other countries, particularly emerging markets, as Egypt has been working […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627451","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"550a867a-5216-4aaa-8f10-5f9d7347dc00","order":"0","is_powered_by":true,"section_story_id":"6e896c70-cd9d-44a7-ba50-822f5109a9e4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627431],"teaser":"","voice_url":""},"yoast_head":"\nShored-up FX reserves have helped the economy absorb external shocks, says Lall - 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\/2018\/06\/03\/shored-up-fx-reserves-have-helped-the-economy-absorb-external-shocks-says-lall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shored-up FX reserves have helped the economy absorb external shocks, says Lall\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s shored-up FX reserves have helped the economy absorb the effects of external shocks, IMF Mission Chief for Egypt Subir Lall said in remarks to MENA carried by Al Ahram. 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The announcement\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":621196,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/01\/interview-with-imf-egypt-mission-chief-subir-lall\/","url_meta":{"origin":627451,"position":3},"title":"Interview with IMF Egypt Mission Chief Subir Lall","author":"enterpriseam admin","date":"1 November 2018","format":false,"excerpt":"** #5 An interview with IMF Egypt Mission Chief Subir Lall was the highlight of the night on the airwaves.Egypt\u2019s debt levels will remain safe as long as it holds the line on economic reform by remaining focused on phasing out subsidies and achieving a budget surplus, Lall told Yahdoth\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":621201,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/01\/egypt-reaches-staff-level-agreement-with-imf-on-fifth-tranche-of-usd-12-bn-facility\/","url_meta":{"origin":627451,"position":4},"title":"Egypt reaches staff-level agreement with IMF on fifth tranche of USD 12 bn facility","author":"enterpriseam admin","date":"1 November 2018","format":false,"excerpt":"** #4 Egypt reaches staff-level agreement with IMF on fifth loan tranche: Egypt reached a staff-level agreement with the IMF yesterday on the fifth USD 2 bn tranche of its USD 12 bn extended fund facility after a delegation led by Egypt Mission Chief Subir Lall completed its fourth review\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":598213,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/egypt-imf-reach-staff-level-agreement-to-unlock-final-tranche-of-usd-12-bn-facility\/","url_meta":{"origin":627451,"position":5},"title":"Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility: Egypt has reached a staff-level agreement with the IMF over the disbursement of the sixth and final USD 2 bn tranche of its USD 12 bn extended fund facility, according to a statement issued by the\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627451","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=627451"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627451\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/627431"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627451"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627451"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}