{"id":641609,"date":"2017-09-27T03:59:44","date_gmt":"2017-09-27T03:59:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/"},"modified":"2017-09-27T03:59:44","modified_gmt":"2017-09-27T03:59:44","slug":"egypt-makes-good-start-with-reform-program-imf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/","title":{"rendered":"Egypt makes \u201cgood start\u201d with reform program -IMF"},"content":{"rendered":"

<\/a> The IMF thinks Egypt is on track with the economic reform program<\/strong>, according to the Associated Press<\/a>. Egypt has made \u201ca good start at reining in public spending, boosting investor confidence, and addressing the surging inflation generated by the new policies,\u201d the Fund says in its first review since signing the funding agreement with Egypt. Egypt has so far received USD 4 bn out of the USD 12 bn agreed on. Egypt\u2019s \u201cgood start\u201d came despite \u201cseeking waivers for missing some targets in June and a deeper-than-expected currency depreciation,\u201d Reuters notes<\/a>. The IMF says \u201cit had agreed to a request for a waiver after Egypt missed primary fiscal balance and fuel subsidy bill requirements for end-June. The waiver was granted in part because of planned strong fiscal adjustments in the next two years.\u201d<\/p>\n

The full report is here in pdf for download<\/strong><\/a>, and we have key highlights below:<\/p>\n

Inflation remains the main risk to macroeconomic stability, the IMF believes. <\/strong>\u201cEntrenched, high and persistent inflation could pose a threat to macroeconomic stability. It may also impede credibility of the new monetary policy framework.\u201d However, it noted that \u201cthe transition to a flexible exchange rate went smoothly. The parallel market has virtually disappeared and central bank reserves have increased significantly.\u201d The Fund sees that \u201cenergy subsidy reform, wage restraint, and a new value-added tax have all contributed to reducing the fiscal deficit and helped free up space for social spending to support the poor.\u201d Very ambitiously, <\/strong>also sees inflation falling<\/strong><\/a> to just over 10% by the end of FY 2017-18.<\/strong><\/p>\n

The IMF appeared supportive of amendments to the Central Banking Act that stirred <\/strong>controversy in the banking sector<\/strong> when they were announced in July. \u201cAmong other provisions the amendments envisage strengthening its governance structure, improving the recapitalization and profit distribution rules, normalizing the financial relationship with the government and commercial banks, enhancing transparency, and separating the emergency liquidity assistance and bank resolution frameworks.\u201d<\/p>\n

In its review of Egypt\u2019s monetary policies<\/strong>, the report notes that the CBE will continue to tightly monitor inflation rates and that subsequent policy adjustments will depend on inflation dynamics and its assessment of inflation expectations. On the FX front, the CBE appears to have gone against the IMF\u2019s recommendations by not phasing out the profit repatriation mechanisms as it believes it plays an important role in attracting investment. The CBE intends to manage reserves to be in line with investment goals, the report notes. The report writes that by December 2017 the CBE will also remove the USD 50,000 cash deposit cap for non-priority goods.<\/strong><\/p>\n

The IMF says that the FY2017-18 budget is consistent with the government\u2019s <\/strong>medium-term objectives<\/strong> and that the expenditure framework reflects policies as agreed under the program. The primary surplus is projected at 0.4% of GDP, which would constitute fiscal consolidation of 2.2% of GDP. The overall deficit is projected to decline by 1.8% of GDP as monetary tightening will temporarily raise debt service costs. Tax revenue is projected to increase by 0.7% of GDP due to the increase in the VAT rate. The structure of expenditure will improve by lowering wage spending and energy subsidies, while increasing investment and strengthening targeted social protection, the report reads. The wage bill will decline by 1% of GDP, while energy subsidies are expected to decline by 0.8% of GDP.<\/p>\n

So, when is the next round of funding coming? <\/strong>The IMF says to expect a third installment of around USD 2 bn in funding to disbursed to Egypt after a second review at the end of this year, Reuters notes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The IMF thinks Egypt is on track with the economic reform program, according to the Associated Press. Egypt has made \u201ca good start at reining in public spending, boosting investor confidence, and addressing the surging inflation generated by the new policies,\u201d the Fund says in its first review since signing the funding agreement with Egypt. […]<\/p>\n","protected":false},"author":1,"featured_media":641610,"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-641609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0c1b548a-a29b-400a-a779-55d0c14efbf2","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/9\/1870.jpg","photo_position":"above","related_issue":[641601],"teaser":"","voice_url":""},"yoast_head":"\nEgypt makes \u201cgood start\u201d with reform program -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\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt makes \u201cgood start\u201d with reform program -IMF\" \/>\n<meta property=\"og:description\" content=\"The IMF thinks Egypt is on track with the economic reform program, according to the Associated Press. Egypt has made \u201ca good start at reining in public spending, boosting investor confidence, and addressing the surging inflation generated by the new policies,\u201d the Fund says in its first review since signing the funding agreement with Egypt. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-27T03:59:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt makes \u201cgood start\u201d with reform program -IMF\",\"datePublished\":\"2017-09-27T03:59:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/\"},\"wordCount\":594,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/\",\"name\":\"Egypt makes \u201cgood start\u201d with reform program -IMF - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2017-09-27T03:59:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt makes \u201cgood start\u201d with reform program -IMF\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt makes \u201cgood start\u201d with reform program -IMF - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/","og_locale":"en_US","og_type":"article","og_title":"Egypt makes \u201cgood start\u201d with reform program -IMF","og_description":"The IMF thinks Egypt is on track with the economic reform program, according to the Associated Press. Egypt has made \u201ca good start at reining in public spending, boosting investor confidence, and addressing the surging inflation generated by the new policies,\u201d the Fund says in its first review since signing the funding agreement with Egypt. […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-09-27T03:59:44+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt makes \u201cgood start\u201d with reform program -IMF","datePublished":"2017-09-27T03:59:44+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/"},"wordCount":594,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/","name":"Egypt makes \u201cgood start\u201d with reform program -IMF - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1","datePublished":"2017-09-27T03:59:44+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/egypt-makes-good-start-with-reform-program-imf\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt makes \u201cgood start\u201d with reform program -IMF"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2017\/9\/1870.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"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":641609,"position":0},"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":[]},{"id":593858,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/imf-out-with-final-review-of-egypts-reform-program\/","url_meta":{"origin":641609,"position":1},"title":"IMF out with final review of Egypt\u2019s reform program","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"IMF out with final review of Egypt\u2019s reform program: The International Monetary Finance (IMF) released on Friday its fifth and final policy review of Egypt\u2019s economic reform program, which was conducted last July ahead of disbursing the final USD 2 bn tranche of the institution\u2019s USD 12 bn facility to\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\/2020\/10\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597399,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/egypt-will-be-getting-the-final-tranche-of-the-usd-12-bn-imf-facility-soon\/","url_meta":{"origin":641609,"position":2},"title":"Egypt will be getting the final tranche of the USD 12 bn IMF facility soon","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"IMF signs off on final USD 2 bn tranche disbursal: The IMF\u2019s Executive Board approved yesterday disbursing the final USD 2 bn tranche of the institution\u2019s USD 12 bn facility to Egypt, after completing its fifth and final review of the country\u2019s economic reform program, the institution said in a\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\/2020\/10\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571434,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/imf-greenlights-usd-2-8-bn-in-pandemic-aid-to-egypt\/","url_meta":{"origin":641609,"position":3},"title":"IMF greenlights USD 2.8 bn in pandemic aid to Egypt","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"IMF greenlights USD 2.8 bn in pandemic aid to Egypt: The International Monetary Fund\u2019s executive board signed off yesterday on the USD 2.77 bn rapid financing instrument (RFI) the Madbouly government asked for last month to help support its balance of payments as Egypt grapples with fallout from covid-19. \u201cThe\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\/2020\/5\/115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572492,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/28\/imf-gives-final-nod-on-usd-5-2-bn-in-funding-to-egypt\/","url_meta":{"origin":641609,"position":4},"title":"IMF gives final nod on USD 5.2 bn in funding to Egypt","author":"enterpriseam admin","date":"28 June 2020","format":false,"excerpt":"The IMF has approved a one-year USD 5.2 bn standby loan for Egypt, helping the country plug a balance of payments shortfall and finance its budget deficit, the fund\u2019s executive board said in a statement on Friday. The approval allows for the immediate disbursal of USD 2 bn, with 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\/2020\/6\/283.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599518,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/egypt-to-receive-the-fifth-tranche-of-imf-facility-this-month\/","url_meta":{"origin":641609,"position":5},"title":"Egypt to receive the fifth tranche of IMF facility this month","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"Egypt to receive the fifth tranche of IMF facility this month: The country will receive the next USD 2 bn tranche of the IMF\u2019s extended fund facility this month, Ittihadiya said in a statement quoting Central Bank of Egypt Governor Tarek Amer\u2019s note to President Abdel Fattah El Sisi. 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\/641609","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=641609"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641609\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/641601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/641610"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=641609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=641609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=641609"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=641609"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=641609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}