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 13:49 2017 Thursday ,08 June
Boko Haram kills 11 in NE Nigeria attacks: police
GMT 07:07 2017 Sunday ,31 December
Protesters rally outside US Embassy over Trump`s move on Jerusalem
GMT 09:08 2017 Monday ,11 September
Palestinian court grants bail to prominent activist
GMT 11:56 2018 Friday ,30 November
Congo Ebola outbreak becomes second-worst in history, IRC says
GMT 00:06 2018 Wednesday ,24 January
Emirates signs agreement for 36 additional A380s
GMT 09:59 2018 Wednesday ,10 January
Pakistan reiterates solidarity with Saudi Arabia
GMT 07:22 2015 Monday ,02 March
200 years on, Napoleon returns to southern France
GMT 23:01 2016 Wednesday ,30 November
21 killed in artillery shelling of eastern Aleppo
GMT 09:22 2016 Monday ,10 October
US troops in Kuwait came under 'suicide' attack
GMT 21:14 2017 Tuesday ,21 February
Tatas will lead, not follow
GMT 02:58 2016 Tuesday ,21 June
Sharapova lawyer blasts WADA chief over income comment
GMT 11:24 2017 Wednesday ,15 February
ISIS kidnapped 16 civilians from Anbar
GMT 16:37 2017 Wednesday ,03 May
Trump greets Palestinian leader Abbas at White House
GMT 20:52 2016 Tuesday ,04 October
High Islamic council to discuss peace efforts during annual conference
GMT 05:43 2017 Friday ,03 March
UAE participates in preparatory meeting of Clean Energy Ministerial
GMT 19:30 2018 Wednesday ,31 October
King congratulates Antigua and Barbuda Governor-General
GMT 08:54 2018 Friday ,21 September
Argentine MP requests Putin’s help over prosecution of ex-president
GMT 00:05 2017 Thursday ,28 December
Guterres extends mandate of UN-backed Lebanon tribunal
GMT 04:51 2016 Sunday ,03 July
Dubai gets higher resolution update on Google Earth
GMT 08:01 2017 Thursday ,27 April
Mass funeral for dozens slain in attack on Syria evacuees
GMT 15:20 2017 Monday ,16 January
UN, World Bank among World Government Summit participants
GMT 20:36 2017 Wednesday ,09 August
GACA denies allowing Qatari airlines to access Saudi airspace
GMT 01:49 2017 Wednesday ,18 October
Iran considered dropping Turkey to fight the Russian
GMT 19:14 2017 Monday ,23 January
KFAA to mark its 50th anniversary with new fighter jets
GMT 00:02 2017 Friday ,01 September
July24th-August23rd
GMT 02:56 2016 Wednesday ,14 December
Communications min. reviews Egypt's vision on becoming digital society in TR Summit in Dubai
GMT 18:59 2017 Tuesday ,28 February
Turkey: US-based cleric may be planning to escape to Canada
GMT 21:31 2017 Monday ,18 September
HCT, University of Applied Sciences in Wedel sign agreement
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