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Wednesday, 13 April 2016

What We’re Tracking This Week: Garhy and Amer at IMF / WB meetings, Shoukry at OIC

Garhy, Nasr, Amer heading to D.C. for IMF, World Bank spring meetings: International Cooperation Minister Sahar Nasr will be in Washington, DC, to take part in the World Bank and International Monetary Fund’s spring meetings of from 15-17 April, Al Shorouk reports. Nasr is paving the way for the arrival of Finance Minister Amr El Garhy and CBE Governor Tarek Amer. While it is unclear if they will request an IMF facility, Nasr said she would discuss the status of the World Bank’s USD 8 bn loan package. The agendas for the meetings are here.

Foreign Minister Sameh Shoukry will head an Egyptian delegation attending this week’s Organisation of Islamic Cooperation summit in Istanbul, according Ahram Online. Egypt’s invitation to the summit, which will conclude on Friday, is one of the first signs of possibly thawing relations between Egypt and Turkey.

Orascom Development Holding expects to announce its FY2015 results on Thursday, 14 April and will hold an analyst call at 1:30 pm CLT, according to a statement.

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