Source: International Monetary Fund (IMF) |

MEDIA ADVISORY: Release of the IMF Departmental Paper on Scaling up Access to Finance for Small and Medium Enterprise in the Middle East and North Africa

Discussions will focus on how small and medium-sized enterprise financial inclusion is at the core of the economic diversification, growth, and job creation challenges many countries are facing

The International Monetary Fund (IMF) will launch its departmental paper entitled Scaling up Access to Finance for SMEs in MENA in a seminar which will take placeat the American University in Cairo, Tahrir campus. The Event is co-hosted by the American University in Cairo, the Economic Research Forum, and the IMF.  Discussions will…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Managing Director Christine Lagarde on Egypt

The Egyptian authorities embarked on an ambitious economic reform program in 2016 that is being supported by an International Monetary Fund (IMF) financial arrangement

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: “The Egyptian authorities embarked on an ambitious economic reform program in 2016 that is being supported by an IMF financial arrangement. Since then, Egypt has made substantial progress as evident in the success achieved…

Source: International Monetary Fund (IMF) |

Egypt Moving Forward: Key Challenges and Opportunities

Over the next five years, around 3.5 million young Egyptians are projected to join the labor force

The most important issues that face Egypt over the coming years are tied to a rapidly growing population, the modernization of its economy, and how best to ensure a modern social safety net to protect the most vulnerable in society. Below, IMF Mission Chief for Egypt Subir Lall discusses these…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) First Deputy Managing Director David Lipton on Meeting with Egypt’s President

Following a meeting with Egypt’s President Abdel Fattah El Sisi in Cairo today (May 7, 2018), Mr. David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement: “President El Sisi and I discussed Egypt’s economic outlook and progress in Egypt’s reform program supported by…

Source: International Monetary Fund (IMF) |

Inclusive Growth and Job Creation in Egypt

Remarks to the Government of Egypt-IMF Conference: IMF First Deputy Managing Director David Lipton

Thank you for Minister El-Garhy for your kind introduction. I am very happy to be in Cairo, and honored to see that we are joined this evening by such a distinguished group. I would like to thank the Government of Egypt for agreeing to organize this conference with the IMF.…

Source: International Monetary Fund (IMF) |

The International Monetary Fund (IMF), Central Bank of Egypt and Government of Egypt to Host Inclusive Growth and Job Creation Conference in Egypt

The conference will bring together international and Egyptian high-level policymakers and other experts to exchange perspectives, and to reflect on successful international reform experience and how these could be relevant in the Egyptian context

The International Monetary Fund (IMF), the Central Bank of Egypt (CBE) and the Government of Egypt will co-host a high-level conference in Cairo on May 5-6, 2018, on promoting higher economic growth and job creation in Egypt. The aim of this event is to recognize the successes in macroeconomic stabilization…

Source: International Monetary Fund (IMF) |

Egypt: Time to Entrench Growth and Make It More Inclusive

Egypt’s growing population needs about 700,000 new jobs every year, which is possible only if the private sector becomes the main engine of growth

After more than a year since the launch of the economic reform program, GDP growth is strengthening and inflation is declining. The government trimmed the budget deficit, tourism revenues and remittances are increasing, and the country’s foreign exchange reserves have been rebuilt. The floating of the pound and the initial…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2017 Article IV and Extended Fund Facility Second Review Mission to Egypt

Egypt’s growth picked up during fiscal year 2016/17, with GDP rising by 4.2 percent compared to the projected 3.5 percent

An International Monetary Fund (IMF) team led by Mr. Subir Lall visited Cairo from October 25 to November 9, 2017, to hold discussions on the 2017 Article IV Consultation with Egypt and the second review of Egypt’s economic reform program supported by a three-year IMF Extended Fund Facility (EFF—see Press Release No.…

Source: International Monetary Fund (IMF) |

Egypt: The Economy Is Gathering Strength

Egypt launched a reform program when its economy faced rising imbalances that led to high public debt, a widening current account deficit, and declining official reserves

“The Egyptian authorities have embarked on an ambitious reform program and have taken decisive measures aimed at restoring macroeconomic stability and sustainable public finances. At the same time, by strengthening social protection measures, they have sought to protect the most vulnerable. We have seen that economic activity has been gathering…

Source: International Monetary Fund (IMF) |

Statement by the International Monetary Fund Managing Director on Egypt

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after Executive Board’s approval for the First Review of Egypt’s Extended Fund Facility which allows the disbursement of about $1.25 billion: “I would like to congratulate the people of Egypt and the authorities for their…