Egyptian Pound Exchange Rate Evaluation and the Case for Exchange Liberalization: Institute of International Finance Report
The Institute of International Finance believes that the exchange rate of the Egyptian pound is about 10% higher than its true value, which supports the idea of exchange liberalization called for by the International Monetary Fund. The institute warned, in a recently issued report, that imbalances in the market will continue with the continued policy […]
China’s Economic Model: A Boom Turned Bust
For decades, the Chinese economy experienced an unprecedented boom, mainly thanks to investments in factories, skyscrapers and roads. This economic model sparked an admirable period of growth that lifted the country out of poverty and transformed it into a global giant whose export prowess swept the globe. But that model no longer works, writes the […]
Crisis Management Strategies and Vision for the Future: Deputy Governors of the Banque du Liban
Apparently, the temperature of the deputies of the Governor of the Banque du Liban has cooled to resign, unless a successor is appointed to Riad Salameh. Even the response of the Deputy Prime Minister, His Excellency Al-Shami, to the deputies by warning them of the consequences of resigning, did not entail any additional debates. However, […]
“European Stocks Rise on Optimism About US Debt Ceiling Negotiations Despite Weekly Losses”
European stock indices rise at the close of trading today, with renewed optimism about the US debt ceiling negotiations, and the European market recording losses this week. European stocks rose with renewed negotiations on the US debt ceiling European stock indices rose at the close of trading today, Friday, in light of renewed optimism about […]
IMF Urges Central Banks to Keep Monetary Policy Tight Amid Inflation Risks
International Monetary Fund (IMF) chief deputy managing director Gita Gopinath on Monday urged central banks to keep monetary policy tight, saying there was a high risk of inflation remaining high or accelerating in many emerging markets. FILE PHOTO: April 14, 2023. REUTERS/Elizabeth Frantz [ワシントン １７日 ロイター] – International Monetary Fund (IMF) chief deputy managing director […]
“Arab Countries’ Foreign Exchange Reserves Face Liquidity Risks, Tunisia and Egypt Most at Risk”
The foreign exchange reserves of three Arab countries face more risks, especially during the next two years, which exposes them to liquidity risks amid tighter global financial conditions. Moody’s credit rating agency data shows that Bahrain is one of the countries most on its list of frontier markets facing pressure on its foreign exchange reserves, […]
“IMF Warns of Global Economic Consequences if US Fails to Raise Debt Ceiling”
The International Monetary Fund (IMF) said on the 11th that if the United States fails to raise the federal debt ceiling and defaults, it will be “very serious” not only for the U.S. economy but also for the global economy, such as rising borrowing costs. influence,” he said. Photographed in September 2018 (2023 REUTERS/Yuri Gripas) […]
“Deputy Prime Minister of Lebanese caretaker government anticipates reforms to start soon”
His Excellency Al-Shami, Deputy Prime Minister of the Lebanese caretaker government, expected that the wheel of reforms in the country would start turning within weeks or months at the latest. He said in an interview with “East Economy” on the sidelines of the spring meetings of the International Monetary Fund and the World Bank in […]
IMF Review Director Predicts Sustained Wage Growth with Japan’s YCC Policy
Ranil Salgado, director of the International Monetary Fund (IMF)’s review of Japan, said on the 15th that the Bank of Japan’s Yield Curve Control (YCC) is expected to lead to a sustained rise in domestic wages. said there may be room to tweak the long-term interest rate target later this year. Pictured is Kazuo Ueda, […]
Indonesia’s finance minister, Sri Mulyani Indrawati, remains optimistic about the country’s economic growth, despite a decline in exports.
Indonesia’s Finance Minister, Sri Mulyani Indrawati, is optimistic that the country will maintain economic growth of around 5%, despite a downturn in exports. Speaking to Bloomberg News, Indrawati said that she anticipates that government stimulus measures, as well as the country’s vibrant domestic economy, will be sufficient to maintain growth. Indonesia has seen its economy grow […]