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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    IMF to lend Egypt $ 12 billion

    Rocky
    Rocky
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    Posts : 266471
    Join date : 2012-12-21

    IMF to lend Egypt $ 12 billion Empty IMF to lend Egypt $ 12 billion

    Post by Rocky Sat 12 Nov 2016, 1:29 am

    [ltr]IMF to lend Egypt $ 12 billion[/ltr]

     Since 12.11.2016 at 09:24 (Baghdad time)
    [ltr]IMF to lend Egypt $ 12 billion 27[/ltr]
    [ltr]Follow-up scales News[/ltr]
    [ltr]International Monetary Fund announced that its Executive Board formally approved a loan to Egypt worth $ 12 billion deal, a three-year, aims to support the country's economy.[/ltr]
    [ltr]The IMF said in a statement issued, the Board's approval of the loan program allows to give Egypt the first slice of the loan worth 2.75 billion dollars, to be distributed to the remaining duration of the program, which will undergo a five audits.[/ltr]
    [ltr]It should be noted that the Director of the International Monetary Fund, Christine Lagarde, had announced last month that Egypt can receive "promptly" for the first tranche of the loan, provided Cairo advance implementation of a series of reforms. And then he pointed out that all of these prior reforms have been applied in almost complete form.[/ltr]
    [ltr]The Egyptian parliament approved in August the VAT law to meet the demands of the financial institution, hoping to get the funds to counter the effects of the downturn in tourism sector and foreign investment.[/ltr]
    [ltr]The decision of Egypt, the end of last week, the liberalization of the Egyptian pound against foreign currencies, to a decline in the exchange rate, and raise the price of fuel at rates ranging between 7.1% and 87.5%, because they are tied to the dollar.[/ltr]
    [ltr]And the payment of the fluctuation of the dollar, and the failure of the Egyptian government in control, in addition to high prices, has led many analysts to the Egyptian government is required to gradually calculated in the implementation of economic reform and hoped decisions, and not to reform is all focused on the high prices, but be extended to control serious evasion tax, and the realization of the principle of progressive taxation, and a review of the high salaries of some categories, and the rationalization of imports, and reveille industry, a healthy sector Alsaahi.anthy 29 / a 43[/ltr]


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