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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The IMF gives Egypt $ 2 billion

    Rocky
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     The IMF gives Egypt $ 2 billion Empty The IMF gives Egypt $ 2 billion

    Post by Rocky Fri 18 May 2018, 2:58 am

    The IMF gives Egypt $ 2 billion
    Economie
     Since 2018-05-18 at 10:40 (Baghdad time)
     The IMF gives Egypt $ 2 billion 19
    Baghdad - Mawazine News
    The International Monetary Fund (IMF) announced that it has reached an agreement with Egypt under which it will receive a new tranche of $ 2 billion in loans from the fund to Cairo.
    "This agreement must be subject to the approval of the management committee," IFC said in a statement.
    If the IMF Management Committee approves this new tranche, the total amount the IMF has provided to Egypt will amount to $ 8 billion so far, under a large $ 12 billion aid package announced in November 2016.
    "Egypt has begun reaping the fruits of its ambitious economic reform program that was politically difficult," said Supir Lal, who led the IMF delegation in the country. "Reforms were necessary to stabilize the economy and lay the foundations for strong and sustainable growth that would improve the living standards of all Egyptians."
    The Fund also noted that the Government was continuing to implement its structural reforms aimed at modernizing the economy and benefiting from the growing population.
    "These reforms will contribute to attracting private investment, which is necessary to accelerate growth for many," Lal said.
    In return for the international aid plan, the Egyptian government undertook radical reforms




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