{"id":633093,"date":"2018-02-27T04:40:06","date_gmt":"2018-02-27T04:40:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/el-garhy-talks-imf-loan-inflation-and-public-sector-wage-raises-on-masaa-dmc\/"},"modified":"2018-02-27T04:40:06","modified_gmt":"2018-02-27T04:40:06","slug":"el-garhy-talks-imf-loan-inflation-and-public-sector-wage-raises-on-masaa-dmc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/el-garhy-talks-imf-loan-inflation-and-public-sector-wage-raises-on-masaa-dmc\/","title":{"rendered":"El Garhy talks IMF loan, inflation, and public sector wage raises on Masaa DMC"},"content":{"rendered":"

<\/a> Finance Minister Amr El Garhy\u2019s interview<\/strong> with Masaa DMC\u2019s Eman El Hossary was the only topic of real interest on the airwaves last night.<\/p>\n

Egypt should receive the fourth tranche of its USD 12 bn extended fund facility from the IMF by the end of the current fiscal year <\/strong>in June, El Garhy said (watch, runtime: 3:48<\/a>).<\/p>\n

The minister discussed Egypt\u2019s rising debt levels and the blow the tourism industry received in 2011 <\/strong>(watch, runtime: 7:31<\/a>), as he spoke to El Hossary about challenges facing the economy, among them the population boom. He also outlined how the government is strengthening the social safety net and emphasized that the state sees inflation falling to 13% before the end of 2018<\/strong> (watch, runtime: 5:45<\/a>).<\/p>\n

The government is also considering increasing public sector wages and pensions in the fiscal year starting July<\/strong>, El Garhy said, adding that the Ismail government has earmarked EGP 240 bn for employee salaries in FY2017-18 (watch, runtime: 3:25<\/a>). He dismissed rumors that the government is planning to downsize and lay off staff.<\/p>\n

El Garhy also discussed the drive behind the financial inclusion initiative<\/strong>, which aims to bring more individuals and businesses into the formal economy and banking system (watch, runtime: 5:16<\/a>).<\/p>\n

Endowments Ministry cashing in? <\/strong>EFG Hermes, Beltone, and CI Capital have been tapped to help the Religious Endowments Ministry restructure its asset portfolio, whichinitial findings have valued at EGP 800 bn, Endowments Authority head Ahmed Abdel Hafez told Hona Al Asema\u2019s Lamees Al Hadidi. The figure could round off to EGP 1 tn once the survey is complete in two-months\u2019 time, he said, explaining that the authority is hoping to turn its holdings profitable, earning around EGP 1 bn this year, and EGP 3 bn in three-years\u2019 time (watch, runtime: 20:50<\/a>). Abdel Hafez also told Lamees that the ministry owns land and real estate overseas in Greece that is being managed by sovereign officials (watch, runtime: 14:26<\/a>).<\/p>\n

Meanwhile, Egyptian Council of Churches secretary general Rev. Refaat Fathy welcomed the Ismail Cabinet\u2019s decision to grant licenses to 53 churches<\/strong>, telling Al Hayah Al Youm\u2019s Tamer Amin that the executive regs to the Church Construction Act should be issued soon (watch, runtime: 4:13<\/a>). Lamees pointed out that those would be the first churches to receive licenses since the act was issued in 2016 (watch, runtime: 33:29<\/a>).<\/p>\n

Bashing the BBC\u2019s documentary on human rights in Egypt was still a top priority for Kol Youm\u2019s Amr Adib<\/strong>, who interviewed a woman he said was Zubaida \u2014 the young woman whose mother claimed on the film had been forcibly disappeared \u2014 in a bid to discredit Orla Guerin\u2019s controversial report. Zubaida said she had been living with her husband and had not seen her mother, who herself is a supporter of the Ikhwan, in over a year (watch, runtime: 1:05<\/a>).<\/p>\n

Sherif Amer was the only talk show host to discuss the anticipated return of Sudan\u2019s ambassador to Egypt <\/strong>(watch, runtime: 00:48<\/a>). While on Hona Al Asema, Lamees dedicated substantial airtime to the inauguration of a new anti-terror military command center east of Suez (watch, runtime: 33:29<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Finance Minister Amr El Garhy\u2019s interview with Masaa DMC\u2019s Eman El Hossary was the only topic of real interest on the airwaves last night. Egypt should receive the fourth tranche of its USD 12 bn extended fund facility from the IMF by the end of the current fiscal year in June, El Garhy said (watch, […]<\/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],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633093","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"fbe248ac-782b-494d-a120-06ba808c4404","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[633087],"teaser":"","voice_url":""},"yoast_head":"\nEl Garhy talks IMF loan, inflation, and public sector wage raises on Masaa DMC - 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\/02\/27\/el-garhy-talks-imf-loan-inflation-and-public-sector-wage-raises-on-masaa-dmc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Garhy talks IMF loan, inflation, and public sector wage raises on Masaa DMC\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Amr El Garhy\u2019s interview with Masaa DMC\u2019s Eman El Hossary was the only topic of real interest on the airwaves last night. 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Regrettably, power was restored after a 15-minute gap which was caused by a problem with a transmission line, EMPC boss Osama Heikal told Masaa DMC\u2019s Eman El Hossary (watch,\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":637218,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/between-the-imf-delegations-report-and-sps-outlook-upgrade-amr-el-garhy-had-plenty-to-talk-about\/","url_meta":{"origin":633093,"position":1},"title":"Between the IMF delegation\u2019s report and S&P\u2019s outlook upgrade, Amr El Garhy had plenty to talk about","author":"enterpriseam admin","date":"12 November 2017","format":false,"excerpt":"With plenty of developments on the economic front, Finance Minister Amr El Garhy blanketed the airwaves last night to discuss the IMF delegation\u2019s visit and report on Egypt\u2019s progress and reforms, as well as S&P\u2019s long-awaited move to raise the country\u2019s outlook to \u2018positive.\u2019The IMF delegation agreed to make some\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":594403,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/29\/last-nights-talk-shows-for-tuesday-29-october-2019\/","url_meta":{"origin":633093,"position":2},"title":"Last night\u2019s talk shows for Tuesday, 29 October 2019","author":"enterpriseam admin","date":"29 October 2019","format":false,"excerpt":"The economy dominated the airwaves last night, after the IMF threw a few good words in our direction in its latest regional outlook, and Planning Minister Hala El Said announced that the economy grew at a 5.6% clip in 1Q2019-2020. We have chapter and verse at the top of this\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":638964,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/el-garhy-on-eurobond-program-praise-for-egypt-in-the-us\/","url_meta":{"origin":633093,"position":3},"title":"El Garhy on eurobond program, praise for Egypt in the US","author":"enterpriseam admin","date":"18 October 2017","format":false,"excerpt":"El Garhy on eurobond program, praise for Egypt in the US: The planned eurobond issuance will not add to the pressure of external debt, as interest rates have dropped to 6% on 10-year bonds, down from 7.5%, while six-year bonds now carry a rate of 5%, down from 6.5%, Finance\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":649325,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/el-garhy-talks-imf-visit-eurobonds-nasr-on-the-investment-act-delays\/","url_meta":{"origin":633093,"position":4},"title":"El Garhy talks IMF visit, Eurobonds; Nasr on the Investment Act delays","author":"enterpriseam admin","date":"30 April 2017","format":false,"excerpt":"Finance Minister Amr El Garhy and Investment and International Cooperation Minister Sahar Nasr\u2019s interviews were the main highlights in the airwaves which largely focused on the Pope\u2019s visit.The IMF delegation arrived yesterday and will be here for two weeks to review progress on the economic reforms before disbursing the second\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":641663,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/28\/fuel-subsidy-cuts-and-their-return-top-concerns-on-the-airwaves\/","url_meta":{"origin":633093,"position":5},"title":"Fuel subsidy cuts and their return top concerns on the airwaves","author":"enterpriseam admin","date":"28 September 2017","format":false,"excerpt":"The talking heads are worried we may soon face another round of fuel subsidy cuts. Hiking fuel prices will not be necessary this fiscal year in light of current international oil prices and the FX rate, Finance Minister Amr El Garhy told Lama Gebril, who stepped in for Lamees Al\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633093","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=633093"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/633093\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/633087"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=633093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=633093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=633093"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=633093"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=633093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}