home about categories posts news
discussions archive recommendations faq contacts

Egypt Secures $1.2 Billion from IMF to Strengthen Public Finances

December 25, 2024 - 13:50

Egypt Secures $1.2 Billion from IMF to Strengthen Public Finances

In a significant move to bolster its struggling economy, Egypt has reached an agreement with the International Monetary Fund (IMF) to access $1.2 billion in financial support. This funding is aimed at addressing the country's strained public finances, which have faced mounting pressures in recent years.

As part of the deal, Egyptian authorities have committed to enhancing their tax-to-revenue ratio, a crucial step in improving fiscal stability. Additionally, the government has pledged to expedite the divestment of state-owned enterprises, a strategy designed to attract private investment and stimulate economic growth.

The agreement underscores the IMF's ongoing role in assisting countries facing economic challenges while highlighting Egypt's determination to implement necessary reforms. With this financial injection, Egypt aims to stabilize its economy, restore investor confidence, and lay the groundwork for sustainable development in the future. The collaboration with the IMF marks a pivotal moment in Egypt's efforts to navigate through its economic difficulties.


MORE NEWS

FB Financial Corporation Set to Release Q1 2025 Earnings

April 1, 2025 - 17:39

FB Financial Corporation Set to Release Q1 2025 Earnings

NASHVILLE, Tenn., April 01, 2025—FB Financial Corporation has announced that it will publish its financial results for the first quarter of 2025 on Monday, April 14, 2025, following the...

Major Banks on Edge as Supreme Court Reviews Motor Finance Commission Case

April 1, 2025 - 11:59

Major Banks on Edge as Supreme Court Reviews Motor Finance Commission Case

Major banks are bracing for the outcome of an appeal concerning motor finance commissions, which is set to be heard by the UK`s Supreme Court. The case has significant implications for the...

Smart Financial Strategies for a $75K Annual Income

April 1, 2025 - 04:02

Smart Financial Strategies for a $75K Annual Income

If you`re earning $75,000 a year, you`re already ahead of the curve compared to the national median earnings reported for 2024, which stands at approximately $60,000. To make the most of your...

Jackson Mayoral Race: Five Candidates Submit Campaign Finance Reports

April 1, 2025 - 01:34

Jackson Mayoral Race: Five Candidates Submit Campaign Finance Reports

The deadline to file the latest campaign finance reports for the Jackson mayoral race was set for 5 p.m. on March 25. In a surprising turn of events, only five out of the eleven candidates vying...

read all news
home categories posts about news

Copyright © 2025 Savtix.com

Founded by: Julia Phillips

discussions archive recommendations faq contacts
terms of use privacy policy cookie policy