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IMF’s delegation to visit Cairo on Sunday.

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A delegation from the International Monetary Fund is to visit Egypt on Sunday, according to a press statement issued on Saturday by the Ministry of Finance. IMF’s delegation will evaluate the progress of achieved by the Cairo in the application of the second tranche of IMF loan, $12bn, for Egypt. Minister of Finance Amr El-Garhy said that the delegation would evaluate the plans Egypt has made to achieve the targeted GDP growth and the efforts to reduce the gap of budget and trade deficits. Egypt control of public debt and inflation will also be at the centre of discussions. Mains Egypt objectives are  reducing the governmental debt to 90% of the GDP and also reducing the deficit to 3.5% of the GDP by FY 2018/2019.


Azerbaijan’s GDP to grow in mid-term

BreakingNews @en di

The Azerbaijani economy will grow by 2-3 percent per year in the medium term, Chief of the International Monetary Fund’s (IMF) Mission to Azerbaijan Mohammed El Qorchi, who is on a visit in Baku, said today. In 2017, the situation in Azerbaijan’s economy will be better than in 2016, according to him, but certain difficulties will remain in the country’s economic life, caused by the sharp decline in oil prices.



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