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IMF calls on Egypt to work to contain inflation
10:38 - 18/05/2017
Information / Baghdad ..
The head of the IMF mission to Cairo Chris Jarvis, Thursday, the Egyptian government to work with the central bank's "containment" of inflation after record levels recorded during the last period.
Said Jarvis, in an interview with the satellite "CBC" Egyptian, I followed / information /, that "the containment of inflation lacks support from other official bodies with the Central Bank of Egypt," explaining that "inflation has negative effects on the economy and poor groups and the owners of fixed incomes are more affected by it, while the rich resort to buying real estate. "
He pointed out that "the IMF mission, during the period of its presence in Cairo recently, discussed with the Egyptian central mechanisms to control inflation, and the need to fit in the fastest time.
It is noteworthy that Egypt got the first tranche of the loan worth $ 2.75 billion in November 11 2016. ended 25 n
http://www.almaalomah.com/2017/05/18/158929/
10:38 - 18/05/2017
Information / Baghdad ..
The head of the IMF mission to Cairo Chris Jarvis, Thursday, the Egyptian government to work with the central bank's "containment" of inflation after record levels recorded during the last period.
Said Jarvis, in an interview with the satellite "CBC" Egyptian, I followed / information /, that "the containment of inflation lacks support from other official bodies with the Central Bank of Egypt," explaining that "inflation has negative effects on the economy and poor groups and the owners of fixed incomes are more affected by it, while the rich resort to buying real estate. "
He pointed out that "the IMF mission, during the period of its presence in Cairo recently, discussed with the Egyptian central mechanisms to control inflation, and the need to fit in the fastest time.
It is noteworthy that Egypt got the first tranche of the loan worth $ 2.75 billion in November 11 2016. ended 25 n
http://www.almaalomah.com/2017/05/18/158929/
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