Egypt’s Economy Proves Resilient Despite Regional Turmoil, IMF Says
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Egypt’s economy proves resilient despite regional turmoil, IMF says
RIYADH: Egypt has weathered the latest regional conflict, with stronger economic safeguards and a swift policy response helping the country withstand external pressures, the International Monetary Fund said. In a newly released statement, the IMF said reforms under its Egypt-supported program had strengthened economic growth, helped bring inflation down, rebuilt international reserves and improved banks’ foreign asset positions, leaving the coun…
International Monetary Fund states that the country of North Africa has adopted a rapid political response to the economic challenges posed by regional turbulence. The post Egyptian economy is resilient to the conflict appeared first on Brazil-Arab News Agency.
Egypt's Q3 growth hits 5 percent as investor confidence rebounds and risk premium falls, IMF says
The IMF said Egypt entered the latest period of Middle East conflict with stronger macroeconomic buffers than during previous episodes of external stress, supported by earlier reforms, declining inflation, higher international reserves and improved foreign-asset positions at banks. A flexible exchange rate, energy-price adjustments, spending restraint and expanded targeted support helped the economy absorb the […]
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