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Sunday, 13 October 2019

IMF says Egypt on right path, but concerns remain

The economy was topic du jour on the airwaves last night:

IMF gives us love, but concerns remain: El Hekaya’s Amr Adib noted the IMF’s final review of the economic program, which waxed lyrical on our macroeconomic performance but highlighted concerns such as persistently high unemployment and lagging structural reforms (watch, runtime: 05:41). We have chapter and verse on this in our Speed Round, below.

Public debt levels fall in FY 2018-2019: Public debt levels fell to 90% of GDP in FY 2018-2019, down from 108% in FY 2017-2018, Finance Minister Mohamed Maait told President Abdel Fattah El Sisi in a meeting on Saturday, according to Masaa DMC’s Eman El Hosary (watch, runtime: 01:32).

Ancient industry: The discovery of an Ancient Egyptian industrial area in Luxor was the highlight on Al Hayah Al Youm with Lobna Assal (watch, runtime: 02:52). We have more on this in our Tourism section, below.

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