Source: International Monetary Fund (IMF) |

World Bank and International Monetary Fund (IMF) Officials visit Morocco to prepare 2021 Annual Meetings in Marrakech

Team visited the potential sites where the Annual Meetings will be held and had productive discussions on issues related to the planning of this major global event

A high-level team from the World Bank Group (WBG) and International Monetary Fund (IMF) visited Marrakech and Rabat from February 14–15 for discussions with the Moroccan Government on preparations for the WBG/IMF Annual Meetings to be hosted by the country in October 2021. During their visit, the senior officials from…

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) |

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) |

IMF, AMF, AFESD and Government of Morocco to Host Regional Conference: “Opportunity for All—Promoting Growth, Jobs, and Inclusiveness in the Arab World”

IMF Managing Director Christine Lagarde, AFESD Director General Chairman of the Board Abdlatif Y. Al-Hamad, and AMF Director General Chairman of the Board Abdulrahman Al Hamidy will be among the conference speakers

The International Monetary Fund (IMF), Arab Monetary Fund (AMF), Arab Fund for Social and Economic Development (AFESD) and Government of Morocco will co-host a high-level conference in Marrakesh, January 29–30, 2018, on promoting higher economic growth, job creation, and inclusiveness in the Arab World. Opportunities for All: Promoting Growth, Jobs,…

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…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes First Review under the Extended Fund Facility (EFF) with the Arab Republic of Egypt

The completion of the review allows the authorities to draw the equivalent of SDR 895.48 million (about US$1.25 billion), bringing total disbursements to SDR 2,865.53 million about US$4 billion

On July 13, 2017, the Executive Board of the International Monetary Fund (IMF) completed the first review of Egypt’s economic reform program supported by an arrangement under the Extended Fund Facility (EFF). The completion of the review allows the authorities to draw the equivalent of SDR 895.48 million (about US$1.25…

Source: International Monetary Fund (IMF) |

IMF Reaches Staff-Level Agreement for Completion of the First Review of Egypt's Extended Fund Facility

Social protection measures are an essential counterpart to the economic reform effort, and they will protect the most vulnerable people in Egypt while the reform effort is underway

The staff level agreement is subject to approval by the IMF’s Executive Board to make available SDR 895.48 million (about US$1.25 billion), bringing total disbursements under the program to about US$4 billion. The Ministry of Finance has drafted a very strong budget. If enacted by Parliament, it will place public…

Source: International Monetary Fund (IMF) |

Statement by IMF Managing Director Christine Lagarde on Egypt

Egypt is implementing a strong economic reform program to help the economy return to its full potential, achieve more growth and create more jobs

Following a meeting with Egypt’s President Abdel Fattah El Sisi in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement: “President Sisi and I discussed the progress of Egypt’s economic reform program supported by the IMF’s $12 billion Extended Fund Facility arrangement.…

Source: International Monetary Fund (IMF) |

IMF Staff concludes 2017 Article IV Mission to Mauritania and Launches Discussions on an IMF Supported Program

An International Monetary Fund (IMF) team led by Mr. Eric Mottu, visited Nouakchott from February 28 to March 13, 2017 to hold discussions on the 2017 Article IV consultations with the Mauritanian authorities

The IMF team and the authorities held constructive discussions on a Mauritanian economic and financial program for 2017-20 that could be supported by an arrangement under the IMF’s Extended Credit Facility. The authorities have consistently adapted their economic policies to take account of the difficult conditions they’ve faced over the…