Arab Today, arab today imf egypt must keep economic reforms in line with political imperatives
Last Updated : GMT 06:07:49
Arab Today, arab today
Arab Today, arab today

IMF: Egypt must keep economic reforms in line with political imperatives

Arab Today, arab today

Arab Today, arab today IMF: Egypt must keep economic reforms in line with political imperatives

Cairo - Arabstoday

IMF says it will resume talks with Egypt over $4.8 bn loan facility if Cairo can guarantee that its economic reform plan reflects \'political imperatives\' The International Monetary Fund will resume talks with Egypt over a proposed $4.8 billion loan once Cairo ensures it that recent economic reform measures are in line with Egyptian \"political imperatives,\" an IMF spokesman told Ahram Online. Egypt came close to securing the high-profile loan deal last December before it was postponed at the government\'s request. On 9 December, President Mohamed Morsi, fearing a popular backlash, reversed a raft of tax hikes – a core part of the government\'s economic reform programme – less than 24 hours after enacting them. \"We understand that the Egyptian authorities are in the process of updating their economic programme and adapting it to current economic circumstances,\" Wafa Amr, senior IMF press officer, said in an emailed statement. The government has since failed to implement the tax raises, but has launched a \"social dialogue\" to discuss the planned measures. \"The [Egyptian] authorities also want to ensure that the measures put forward are consistent and compatible with their political imperatives,\" said Amr. \"Once this step is completed, we will discuss the timing of a possible mission to Cairo to assess the revised programme.\" Egypt\'s currency lost some 8 per cent of its value since the beginning of 2013, after the central bank implied it would not be able to freely support the Egyptian pound due to post-revolution declines in the country\'s foreign currency reserves. Egypt\'s severe fiscal troubles were triggered by the instability that followed the Tahrir Square uprising that unseated Hosni Mubarak in early 2011 and which has taken a heavy toll on the country\'s tourism sector and investment receipts. From Ahramonline

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf egypt must keep economic reforms in line with political imperatives Arab Today, arab today imf egypt must keep economic reforms in line with political imperatives

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf egypt must keep economic reforms in line with political imperatives Arab Today, arab today imf egypt must keep economic reforms in line with political imperatives

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday