Download or read book Arab Republic of Egypt and the International Monetary Fund IMF written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the activities of Egypt as a member of the International Monetary Fund (IMF). Provides access to statistics, press releases, statements by IMF officials, and reports. Notes that the IMF is an international organization of member countries, established to promote international monetary cooperation.
Download or read book Egypt and the International Monetary Fund IMF written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Egyptian Debt Negotiations written by Bessma Momani and published by . This book was released on 2005 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Arab Republic of Egypt written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2018-01-22 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes that past growth was characterized by a suboptimal allocation of the factors of production and a lack of dynamism in the private sector. By identifying the main constraints to private sector-led growth and higher employment generation, it suggests policies to further shift Egypt’s economic model toward increased private sector participation and integration into global value chains. To this end, reforms should aim at removing the distortions to the optimal allocation of resources in the economy and equip the labor force with the skills needed to benefit fully from future job opportunities. These reforms would also help better integrate women and youth into the job market. The authorities have embarked on a reform program to address these challenges and important steps have already been taken. Improved macrostability and a strong political commitment to reforms present an opportunity to further structural reforms that intensify private sector-led growth and job creation and strengthen trade integration.
Download or read book The Egyptian Stabilization Experience written by Mr.Arvind Subramanian and published by International Monetary Fund. This book was released on 1997-09-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the successful Egyptian stabilization experience during the 1990s, focusing on its distinctive features and contrasting them with the recent experiences of other developing countries. The key policy elements were a large fiscal adjustment, use of an exchange rate anchor that has endured for over six years, supported by prudent monetary policies, and early moves to liberalize interest and exchange markets. The outcomes included the avoidance of an output collapse despite the magnitude of fiscal adjustment; avoidance of stresses on the financial system; reversal of endemic dollarization; financial deepening at the expense of the banking system; and maintenance of external viability despite a lackluster export performance.
Download or read book Arab Republic of Egypt written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2024-08-26 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy actions taken in March as part of a strengthened program package, including unification of the exchange rate and a significant increase in the policy rate, combined with the augmentation of the Extended Fund Facility (EFF) Arrangement, the recent investment deal with Abu Dhabi Development Holding Company (ADQ) and the announcement of financing from the European Union, the World Bank, and other international partners, improved FX liquidity and helped restore confidence. Inflation has started to fall, though remains elevated, and there are signs that the three-and-a-half-year contraction of private sector activity is reversing.
Download or read book Egypt the International Monetary Fund and the World Bank written by and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The International Monetary Fund and Egypt written by Leila Mustafa Hassanin and published by . This book was released on 1991 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Monetary Fund written by Juan A. Dumas and published by . This book was released on 2013 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: INTRODUCTION; BACKGROUND; Deteriorating Economic Conditions in Post-Revolution Egypt; Egypt-IMF Negotiations; Tentative Deal #1: June 2011; Tentative Deal #2: November 2012; Current Status; Egyptian Politics and IMF Assistance; Egypt, the IMF, and U.S. Foreign Policy Goals; ISSUES AND OPTIONS FOR CONGRESS; Considering U.S. Policy Toward Egypt at the IMF; Using the IMF as a Benchmark for U.S. Assistance to Egypt; OUTLOOK; End Notes; INDEX.
Download or read book Estimating Egypt s Equilibrium Real Exchange Rate written by Mr.Joannes Mongardini and published by International Monetary Fund. This book was released on 1998-01-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the real appreciation of the Egyptian pound over the last six years and Egypt’s lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt’s equilibrium real exchange rate, that is, the rate that is consistent with fundamentals. The results show that, while the real exchange rate was substantially overvalued before 1993, today it is only moderately above the equilibrium rate. Moreover, the analysis shows that the recent appreciation of the pound does not indicate a worsening misalignment.
Download or read book Arab Republic of Egypt written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-10-10 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Arab Republic of Egypt’s Fifth Review Under the Extended Fund Facility (EFF). Macroeconomic performance has remained strong in 2018/19, supported by continued sound policy implementation. The report highlights that monetary policy remains anchored by the medium-term objective of bringing inflation to single digits. Core inflation appears to be well contained, however the central bank should remain cautious until disinflation is firmly entrenched. Exchange rate flexibility remains essential to improve resilience to shocks and preserve competitiveness. The outlook remains favorable and provides an opportune juncture to further advance structural reforms to support more inclusive private-sector led growth and job creation. The authorities have launched important reforms of competition policy, public procurement, industrial land allocation, and state-owned enterprises, and sustained implementation will be essential to ensure that statutory changes achieve meaningful results in the business climate. Sustained efforts are needed to advance reforms in competition, industrial land allocation, and governance of state-owned enterprises.
Download or read book Arab Republic of Egypt written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-04-06 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Argentina’s Fourth Review under the Extended Arrangement under the Extended Fund Facility (EFF). The paper highlights that Egypt’s macroeconomic situation has improved markedly since the initiation of the authorities’ reform program in November 2016. The liberalization of the foreign exchange market, prudent monetary policy, and ambitious fiscal consolidation has helped stabilize the macroeconomic environment. Growth has accelerated; external and fiscal deficits have narrowed; international reserves have risen; and public debt, inflation, and unemployment have declined. The external environment has shifted in recent months, posing new policy challenges. The tightening of global financial conditions and heightened global risk aversion have contributed to a pullback by investors from emerging markets. The outlook remains favorable, provided policies agreed under the program are implemented, but the balance of risks has shifted. The authorities’ prudent policies have been instrumental in preserving macroeconomic stability, even as the external environment has weakened notably. The IMF staff supports the authorities’ request for the completion of the fourth review under the Extended Arrangement under the Extended Fund Facility.
Download or read book Cleft Capitalism written by Amr Adly and published by Stanford University Press. This book was released on 2020-06-09 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: Egypt has undergone significant economic liberalization under the auspices of the International Monetary Fund, the World Bank, USAID, and the European Commission. Yet after more than four decades of economic reform, the Egyptian economy still fails to meet popular expectations for inclusive growth, better standards of living, and high-quality employment. While many analysts point to cronyism and corruption, Amr Adly finds the root causes of this stagnation in the underlying social and political conditions of economic development. Cleft Capitalism offers a new explanation for why market-based development can fail to meet expectations: small businesses in Egypt are not growing into medium and larger businesses. The practical outcome of this missing middle syndrome is the continuous erosion of the economic and social privileges once enjoyed by the middle classes and unionized labor, without creating enough winners from market making. This in turn set the stage for alienation, discontent, and, finally, revolt. With this book, Adly uncovers both an institutional explanation for Egypt's failed market making, and sheds light on the key factors of arrested economic development across the Global South.
Download or read book Arab Republic of Egypt 2021 Article IV Consultation Second Review Under the Stand By Arrangement Press Release Staff Report and Statement by the Executive Director for the Arab Republic of Egypt written by International Monetary and published by International Monetary Fund. This book was released on 2021-07-22 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health and social impact of the shock. Sound economic policies helped deliver macroeconomic stabilization, safeguard debt sustainability, and preserve investor confidence. While growth is expected to rebound in FY2021/22, the outlook is still clouded by uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt vulnerable to external shocks or changes in financial market conditions for EMs. Near-term fiscal and monetary policies should thus continue to support the recovery without accumulating undue imbalances.
Download or read book Egypt written by Howard Handy and published by . This book was released on 1998 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Determined macroeconomic policy, combined with favorable external developments, has reduced inflation, improved public finances, led to a stable currency, and helped strengthen the banking system in Egypt. Nonetheless, the task of delivering sustained growth of output and employment is incomplete. This paper is a collection of studies focusing on economic developments in Egypt in the 1990s, a period of transformation toward a dynamic market economy.
Download or read book Arab Republic of Egypt written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2017-01-18 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Egypt’s Request for Extended Arrangement Under the Extended Fund Facility (EFF). The EFF-supported program will help Egypt restore macroeconomic stability and promote inclusive growth. The risks to the program mainly emerge from the difficulties inherent in implementing a strong and wide-ranging reform program. Fiscal slippages could undermine the program’s debt sustainability objective. There is a risk that regional conflicts could intensify and domestic security conditions deteriorate, which could affect confidence, investment, and tourism. These risks are mitigated by the authorities’ commitment to the program. The IMF staff supports the authorities’ request for the EFF arrangement.
Download or read book The Global Informal Workforce written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-07-23 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.
