IMF mission chief lauds economic reforms in Egypt
(IMF) mission chief for Egypt Chris Jarvis
Washington - MENA
International Monetary Fund (IMF) mission chief for Egypt Chris Jarvis has voiced strong support for Cairo's economic reform program.
Measures taken by the Egyptian government, such as increasing the prices of fuel and electricity and imposing the value-added tax, should have a positive impact on the budget, Jarvis said in statements to MENA on Saturday.
He expected such measures to help achieve initial surplus in the budget of the Egyptian government for the first time in 10 years.
This would be an important achievement, Jarvis noted.
Upping the prices of fuel and electricity is part of an Egyptian strategy to reduce energy subsidy so that the government could secure bigger resources to better fund education and social protection programs, Jarvis believes.
The IMF expects the Egyptian government to increase spending on social protection programs, Jarvis said, adding that further action is needed to also achieve tax reform.
Jarvis hailed as "good" Egypt's new investment law, hoping it would contribute to improving the investment climate in the country.
GMT 22:49 2017 Friday ,10 November
IMF gives Egyptian economic reforms $2bn ‘stamp of approval’GMT 18:17 2017 Saturday ,28 October
IDSC denies gov't plan to lay off 2 mln civil servantsGMT 20:59 2017 Wednesday ,02 August
The International Monetary Fund (IMF) reaffirmed on Tuesday inGMT 16:32 2017 Saturday ,22 July
Saudi Arabia’s ‘bold’ reforms see non-oil sector pick upGMT 05:47 2017 Tuesday ,18 July
IMF lauds UAE for fiscal adjustments
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 11:32 2017 Tuesday ,28 November
Myanmar govt aims to protect rights, foster tolerance 'for all'
GMT 15:59 2017 Saturday ,01 April
Thailand Military Council Calls on Former Premier to Return to Face Charges
GMT 08:53 2017 Saturday ,01 April
Suu Kyi's new govt faces first test at Myanmar polls
GMT 18:44 2017 Sunday ,19 February
Togolese president meet Sisi
GMT 18:57 2013 Wednesday ,03 April
Can a new great Middle Eastern union be the solution?
GMT 21:51 2016 Sunday ,27 November
UK Economy Grows by 0.5%
GMT 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 09:43 2017 Wednesday ,19 April
UAE condemns recent terrorist plot in Bahrain
GMT 08:45 2015 Sunday ,20 December
Italy prosecutors halt felling of olive trees in bacteria probe
GMT 03:12 2017 Thursday ,05 January
Oman Crude Oil Financial contract closes at US$55.05
GMT 11:30 2017 Tuesday ,28 November
Pope meets Myanmar's leader Aung San Suu Kyi
GMT 20:29 2018 Tuesday ,16 October
Seven killed in Morocco train derailment
GMT 14:49 2018 Friday ,05 October
Russia, India can bring growth of bilateral trade to $30 bln earlier than expected
GMT 07:10 2014 Wednesday ,01 October
January 19 - February 17
GMT 10:57 2017 Tuesday ,19 December
Marie Moatti leaves Hermès
GMT 06:19 2016 Friday ,01 July
October 23 - November 21
GMT 17:16 2017 Tuesday ,12 December
German pilots’ union calls strike against Ryanair
GMT 07:01 2016 Friday ,06 May
Ronaldinho eyes return in second half of year
GMT 18:37 2017 Friday ,20 January
Gambia’s Jammeh faces noon deadline to quit
GMT 06:26 2017 Sunday ,19 November
Emirates Heritage Club launches programme on mangroves cultivation
GMT 06:22 2017 Wednesday ,08 March
Governor promises to support women breadwinner
GMT 14:32 2017 Monday ,06 March
Australia quicks need to bowl straighter
GMT 09:59 2016 Monday ,31 October
Uncertain fate of Bank of England governor in Brexit era
GMT 14:39 2017 Thursday ,15 June
UK earnings shrink at fastest pace since 2014
GMT 07:20 2017 Friday ,06 October
RAKEZ visits UK to explore future of manufacturing
GMT 04:57 2017 Monday ,08 May
Iran: $55 oil price suitable
GMT 00:16 2017 Wednesday ,15 November
Clashes erupted Ghouta between regime forces and opposition
GMT 18:36 2017 Thursday ,19 October
The Fragrance Shop appoints Sparkle PR
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor