{"id":646552,"date":"2017-06-18T04:09:45","date_gmt":"2017-06-18T04:09:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/we-expect-to-hear-from-the-imf-on-the-second-tranche-in-a-few-weeks-time\/"},"modified":"2017-06-18T04:09:45","modified_gmt":"2017-06-18T04:09:45","slug":"we-expect-to-hear-from-the-imf-on-the-second-tranche-in-a-few-weeks-time","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/we-expect-to-hear-from-the-imf-on-the-second-tranche-in-a-few-weeks-time\/","title":{"rendered":"We expect to hear from the IMF on the second tranche in a few weeks\u2019 time"},"content":{"rendered":"

We should expect to hear from the IMF\u2019s Executive Board in a few weeks\u2019 time<\/strong> on signing off on the second USD 1.25 bn tranche of Egypt\u2019s USD 12 bn extended fund facility, Finance Minister Amr El Garhy hinted in a CNBC interview (runtime: 2:59)<\/a> on the sidelines of the Asian Infrastructure Investment Bank's second annual meeting in South Korea.<\/p>\n

El Garhy told CNBC\u2019s Martin Song that inflation is now the most significant economic <\/strong>challenge facing the country<\/strong> and the government is committed to bringing it down to 12-13% by 2018. The Ismail government will stay the course on subsidy cuts, though some areas may be trimmed over three years and others over five.<\/p>\n

In thesecond part of the interview<\/a> (runtime: 3:04) which aired Friday, El Garhy dismissed remarks by Qatar\u2019s Foreign Minister which suggest that Egypt and the GCC countries engaged in a blockade against Qatar might suffer economically as a result. He states that the blockade was a matter of principle, and the reasons behind the blockade were more vital than the monetary consequences threatened by Qatar. Catch the <\/strong>full English transcript<\/strong><\/a> of the interview<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We should expect to hear from the IMF\u2019s Executive Board in a few weeks\u2019 time on signing off on the second USD 1.25 bn tranche of Egypt\u2019s USD 12 bn extended fund facility, Finance Minister Amr El Garhy hinted in a CNBC interview (runtime: 2:59) on the sidelines of the Asian Infrastructure Investment Bank's second […]<\/p>\n","protected":false},"author":1,"featured_media":646553,"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":[9004],"tags":[72,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-enterpriseam","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"7fb3dc18-d11b-4454-944a-93baa5cbe6af","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/6\/1141.jpg","photo_position":"above","related_issue":[646528],"teaser":"","voice_url":""},"yoast_head":"\nWe expect to hear from the IMF on the second tranche in a few weeks\u2019 time - 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Finance Minister Amr El Garhy had said earlier this week that we should expect to hear from the IMF\u2019s executive board\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":647305,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/second-installment-of-imf-loan-to-be-disbursed-in-june-el-garhy\/","url_meta":{"origin":646552,"position":1},"title":"Second installment of IMF loan to be disbursed in June -El Garhy","author":"enterpriseam admin","date":"8 May 2017","format":false,"excerpt":"Speaking to the press on Sunday, El Garhy said he expects the second installment of the IMF\u2019s loan to Egypt to be disbursed in June, according to Reuters. This comes in line with IMF executive director Hazem El Beblawi\u2019s expectation of the USD 1.125 bn tranche being disbursed within six\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":647188,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/imf-review-going-well-egypt-on-track-to-receive-second-tranche-of-usd-12-bn-facility-el-garhy\/","url_meta":{"origin":646552,"position":2},"title":"IMF review \u201cgoing well,\u201d Egypt on track to receive second tranche of USD 12 bn facility -El Garhy","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"Cabinet\u2019s progress on the economic reforms it promised as a condition of the USD 12 bn IMF bailout is so far in line with the fund\u2019s expectations, Finance Minister Amr El Garhy told the press yesterday. According to El Garhy, discussions with the IMF delegation currently in town to assess\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":649325,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/el-garhy-talks-imf-visit-eurobonds-nasr-on-the-investment-act-delays\/","url_meta":{"origin":646552,"position":3},"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":646005,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/04\/next-imf-review-to-be-in-november-or-december-el-garhy\/","url_meta":{"origin":646552,"position":4},"title":"Next IMF review to be in November or December -El Garhy","author":"enterpriseam admin","date":"4 June 2017","format":false,"excerpt":"The next review by the IMF as part of its USD 12 bn, three-year, funding package to Egypt will be in either November or December, Finance Minister Amr El Garhy said, according to Reuters. Egypt completed a review last month and the reached a staff-level agreement with the IMF 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628364,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/fdi-could-grow-by-20-25-in-fy2018-19-if-its-hits-this-years-usd-10-bn-target-el-garhy\/","url_meta":{"origin":646552,"position":5},"title":"FDI could grow by 20-25% in FY2018-19 if its hits this year\u2019s USD 10 bn target -El Garhy","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"FDI could grow by 20-25% in FY2018-19 if its hits this year\u2019s USD 10 bn target: Finance Minister Amr El Garhy expects foreign direct investment in Egypt to grow by 20-25% in FY2018-19 if the country achieves the USD 10 bn target it set for this fiscal year. \u201cAs investors\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\/2018\/5\/1825.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646552","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=646552"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/646552\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/646528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/646553"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=646552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=646552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=646552"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=646552"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=646552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}