Egypt's Economic Growth Rate Expected To Reach 5% in 2018 - IMF OfficialSource: www.export-egypt.com 1/30/2018, Location: Africa |
|
|
|
|
|
Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour expected the economic growth rate in Egypt to exceed projections hitting about 5 percent in 2018.
Speaking to MENA on Tuesday on the fringe of "Opportunity for All: Promoting Growth, Jobs, and Inclusiveness in the Arab World" conference in Marrakesh, Azour hailed the positive outcome of the economic reform program adopted by Egypt. Egypt's reform efforts are yielding results in terms of upping hard currency reserves, luring more investments and raising sovereign credit rating, he said. Inflation - which had once peaked at 30% - is expected to decline to 12% by the end of the current year, he said. He said the major challenges facing Egypt are sustaining the economic reform momentum, creating more jobs- estimated at about 700,000 annually- and curbing hiking prices. He expected Egypt's budget deficit to go down and current account balance figures to improve this year. He highlighted the importance of Egypt's restoration of its key economic role in the region, especially through upping exports and encouraging investments. The IMF official added that the private sector should be given a greater chance in the country's economic development drive. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
