imf downplays inflationary risk as egypt seeks to finalize loan
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

To ease a foreign-exchange shortage

IMF downplays inflationary risk as Egypt seeks to finalize loan

Arab Today, arab today

Arab Today, arab today IMF downplays inflationary risk as Egypt seeks to finalize loan

International Monetary Fund
Washington - Arab Today

Egypt is unlikely to see a jump in inflation from measures to ease a foreign-exchange shortage because import prices already reflect the black market rate, a senior International Monetary Fund official said in an interview carried by Bloomberg.

“If you look at what’s happening to prices today, already many prices are reflecting the parallel market rate,” Masood Ahmed, head of the IMF’s Middle East and Central Asia department, said in an interview in Dubai on Tuesday. “It’s not obvious to me there is going to be a big additional impact on prices.”

Ahmed said he hopes the IMF’s Executive Board would be able to consider the loan request later this month or in November. He said there was “no deadline” for Egypt to implement the reforms.

“But the more important point is that delays on important areas they’re trying to address, such as the problem they have in the foreign-exchange market, would have a high cost on the economy,” he said.

Finance Minister Amr El-Garhy suggested on Monday that authorities will not use funds from the IMF and other creditors to finance imports and defend the currency, echoing similar comments made by Egypt’s central bank Governor Tarek Amer in July

Source: MENA

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*

imf downplays inflationary risk as egypt seeks to finalize loan imf downplays inflationary risk as egypt seeks to finalize loan

 



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*

imf downplays inflationary risk as egypt seeks to finalize loan imf downplays inflationary risk as egypt seeks to finalize loan

 



GMT 08:58 2015 Friday ,28 August

Syria Burning Daesh and the Death

GMT 02:30 2017 Monday ,23 October

Dec22/Jan20

GMT 20:24 2017 Tuesday ,21 November

Host Sherine Dowik proud of her work

GMT 14:25 2012 Tuesday ,15 May

IKCO to manufacture Diesel Tondar 90

GMT 09:15 2018 Saturday ,13 January

Don't feed your dog raw meat, study says

GMT 01:00 2018 Saturday ,06 January

4 Easy DIY Ideas for Making Tuscan Window Treatment

GMT 02:19 2017 Saturday ,28 October

April21st-May21st

GMT 09:30 2016 Wednesday ,07 December

Lewandowski seals Bayern win over Atletico

GMT 02:49 2017 Wednesday ,02 August

March21st-April20th

GMT 01:26 2017 Friday ,20 October

TNI ready to send peacekeeping forces to Myanmar

GMT 22:09 2017 Friday ,31 March

March 20 - April 19

GMT 10:53 2017 Tuesday ,07 March

Artisan designs new bags for shopping
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

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 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday