{"id":463286,"date":"2018-11-10T13:15:15","date_gmt":"2018-11-10T13:15:15","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=463286"},"modified":"2018-11-10T13:15:15","modified_gmt":"2018-11-10T13:15:15","slug":"egypt-still-under-imf-infusion","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/11\/10\/egypt-still-under-imf-infusion\/","title":{"rendered":"Egypt still under IMF infusion"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>President Abdel Fattah Al Sissi&#8217;s Egypt is still expected to receive $ 2 billion from the IMF. The disbursement to be approved by the board of directors of the fund is part of the $ 12 billion program concluded in November 2016 for this country.<\/p>\n<p>The new envelope will bring disbursements to Egypt to $ 10 billion. During its tour of the country, in October 2018, the IMF noted an acceleration of growth to 5.3% and a drop in unemployment below the 10% threshold as well as a control of macroeconomic ratios. Remittances from diaspora funds combined with increased tourism receipts contribute to this balance.<\/p>\n<p>The country, which has adopted a painful austerity cure and let its currency float (depreciated by 50% since), is reaping the results (but at what price) of its perseverance.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>President Abdel Fattah Al Sissi&#8217;s Egypt is still expected to receive $ 2 billion from the IMF. The disbursement to be approved by the board of directors of the fund is part of the $ 12 billion program concluded in November 2016 for this country. The new envelope will bring disbursements to Egypt to $<\/p>\n","protected":false},"author":527180,"featured_media":463289,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12040,12046],"tags":[13894,12100],"class_list":{"0":"post-463286","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-international-institutions","8":"category-leaders-en","9":"tag-egypt-en","10":"tag-imf-en","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt still under IMF infusion - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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