As finance leaders meet in Washington, D.C., for the International Monetary Fund-World Bank Spring meetings, we’re taking a closer look at the economic outlook for Pakistan and Egypt.
Egypt recently reached an agreement with the International Monetary Fund to increase its loan to 8 billion dollars with total financing at 20 billion dollars. In January, Egypt officially joined the BRICS bloc of emerging economies, of which China is a founding member.
Our guests:
- Muhammad Aurangzeb, Pakistan’s Minister of Finance and Revenue.
- Mohamed Maait, Egyptian Finance Minister.
Pakistan's new finance chief does not anticipate any significant currency devaluation as part of its negotiations with the IMF https://t.co/miQRrukjHr
— Bloomberg (@business) April 18, 2024
The World Bank raised its forecast for Egypt’s economic growth to 4.2% during the next fiscal year 2024/2025, up from 3.9% in its previous estimates.#Egypt #Economy #WorldBank | #البنك_الدولي #مصر #البنك_المركزي pic.twitter.com/sf4MqXlaq6
— Egypt Today Magazine (@EgyptTodayMag) April 15, 2024