{"id":639083,"date":"2017-10-22T03:54:12","date_gmt":"2017-10-22T03:54:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/"},"modified":"2017-10-22T03:54:12","modified_gmt":"2017-10-22T03:54:12","slug":"el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/","title":{"rendered":"El Garhy articulates reform agenda with the IMF in the FT"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>El Garhy pens op-ed for Financial Times ahead of IMF delegation\u2019s visit this week:<\/strong> Finance Minister Amr El Garhy summed up the mammoth tasks of reforms over the last two years and the IMF\u2019s role in it in a cogent piece <a href=\"https:\/\/amp-ft-com.cdn.ampproject.org\/c\/s\/amp.ft.com\/content\/c62e585e-b4ed-11e7-a398-73d59db9e399\">he penned for the Financial Times<\/a> on Friday. In it, he explains why the reform agenda was necessary, how it was implemented, and how much it has cost. Through it all, El Garhy was optimistic, stressing that despite their short-term pains, economic reforms are already bearing fruit \u2014 something the IMF attested to in September. By cutting subsidies, floating the EGP, and moving towards deregulating sectors of the economy, Egypt has managed to achieve \u201csolid economic growth of 4.1% for the 2016-17 financial year and forecasts for an estimated rise to 4.6% in the coming year and a return to pre-2011 levels by 2019.\u201d He concludes by stressing that more needs to be done, saying: \u201cWe must continue to improve the business climate, stay vigilant on public spending and <strong>support our private sector\u2019s ability to lead our economic development.<\/strong>\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Garhy pens op-ed for Financial Times ahead of IMF delegation\u2019s visit this week: Finance Minister Amr El Garhy summed up the mammoth tasks of reforms over the last two years and the IMF\u2019s role in it in a cogent piece he penned for the Financial Times on Friday. In it, he explains why the [&hellip;]<\/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-639083","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c6eecbce-0d1f-4260-a2a3-4d34997a8f98","order":"0","is_powered_by":true,"section_story_id":"2c6ee39a-7ded-4c2e-9879-abe201fb61fe","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639073],"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>El Garhy articulates reform agenda with the IMF in the FT - 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\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Garhy articulates reform agenda with the IMF in the FT\" \/>\n<meta property=\"og:description\" content=\"El Garhy pens op-ed for Financial Times ahead of IMF delegation\u2019s visit this week: Finance Minister Amr El Garhy summed up the mammoth tasks of reforms over the last two years and the IMF\u2019s role in it in a cogent piece he penned for the Financial Times on Friday. In it, he explains why the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-22T03:54:12+00:00\" \/>\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\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Garhy articulates reform agenda with the IMF in the FT\",\"datePublished\":\"2017-10-22T03:54:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/\"},\"wordCount\":190,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/el-garhy-articulates-reform-agenda-with-the-imf-in-the-ft\/\",\"name\":\"El Garhy articulates reform agenda with the IMF in the FT - 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Fresh off the successful float of the EGP and the closing of a USD 4 bn eurobond, the finance minister and his team are now in the trenches on the 2017-18 budget \u2014 and\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":638251,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/economic-reforms-drive-stability-el-garhy-tells-euromoney\/","url_meta":{"origin":639083,"position":3},"title":"Economic reforms drive stability, El Garhy tells Euromoney","author":"enterpriseam admin","date":"1 October 2017","format":false,"excerpt":"Finance Minister Amr El Garhy wants economic reforms to achieve stability, he told Euromoney in an interview. He wants to see Egyptian exports grow, saying that while they are annually in the USD 20 bn region, other peers like Malaysia and Indonesia export ten times the volume. 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