{"id":656466,"date":"2024-12-04T00:00:00","date_gmt":"2024-12-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/04\/govt-inks-agreement-with-imf-agency-responsible-for-banking-and-public-finance-capacity-building\/"},"modified":"2024-12-04T00:00:00","modified_gmt":"2024-12-04T00:00:00","slug":"govt-inks-agreement-with-imf-agency-responsible-for-banking-and-public-finance-capacity-building","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/04\/govt-inks-agreement-with-imf-agency-responsible-for-banking-and-public-finance-capacity-building\/","title":{"rendered":"Gov\u2019t inks agreement with IMF agency responsible for banking and public finance capacity-building"},"content":{"rendered":"

Good afternoon all you wonderful people, <\/strong>and congrats on making it through the penultimate day of the work week. We have a raft of news for you today, including our newly inked technical cooperation agreement with the IMF\u2019s METAC, the latest on ads coming to ChatGPT, and the skinny on where to get the most creative burgers we\u2019ve personally ever seen.<\/p>\n

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THE BIG STORY TODAY<\/p>\n

Egypt has signed an agreement with the IMF\u2019s Middle East Regional <\/strong>Technical Assistance Center<\/strong> (METAC<\/a>) that will see the agency provide statistical and technical support to state institutions in banking, finance, and public administration, the government announced at Deloitte\u2019s Egypt Tax Conference 2024<\/a>, attended by EnterpriseAM. <\/p>\n

While the agreement does not include any financial support,<\/strong> Finance Minister Ahmed Kouchouk noted that the partnership is aligned with the government\u2019s three main priorities, which include building a strong and reciprocal relationship with the private sector on tax and economic policy; promoting economic sustainability through a comprehensive view of key economic indicators, which will support tax administration; and launching initiatives that strengthen Egypt's ability to address social inclusion and climate change. <\/p>\n

AND- New tax reforms on the way: <\/strong>Kouchouk noted that the first phase of the government\u2019s tax reforms<\/a> is set to arrive before year\u2019s end, while phase two will be introduced in the coming months. The government is also testing a pilot of its new central tax clearing system, with the platform set to be launched in early 2025.<\/p>\n

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THE BIG STORY ABROAD<\/p>\n

It\u2019s a busy day for international journos<\/strong>, as the furore around unfolding political crises<\/a> in South Korea and France continues to grab headlines around the world.<\/p>\n

South Korean lawmakers have submitted a bill to impeach South Korean president Yoon <\/strong>Suk Yeol<\/strong> following his short-lived declaration of martial law on Tuesday, with a vote on the bill expected on Friday or Saturday. Protests and strikes have been announced by South Korea\u2019s major unions, while financial markets and diplomatic engagements have been impacted. If the impeachment proceeds, Yoon could face trial by the country\u2019s constitutional court, with Prime Minister Han Duck-soo set to assume interim leadership until a new election can be held. (Reuters<\/a> | Financial Times<\/a> | Wall Street Journal<\/a>)<\/p>\n

PLUS- <\/strong>The Wall Street Journal<\/a> reports that US president-elect Donald Trump is considering appointing Florida governor Ron DeSantis as Pentagon head \u2014 possibly replacing previously designated nominee Pete Hegseth.<\/p>\n

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