Imf And Egypt

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt further.

Egypt announced a cabinet reshuffle on Tuesday that removed two ministers closely involved in talks with the International Monetary Fund and increased the representation of President Mohamed Morsi's Muslim Brotherhood in government.

Most economies hit by the Arab Spring uprisings will recover slowly next year, grappling with high inflation and rising unemployment due to poor global conditions, the International Monetary Fund predicted in a report on Sunday.

Authorities in the world's major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend. Officials from the G20 nations, whose leaders are meeting in Mexico next week, said that central banks were ready to take steps to stabilize financial markets - if needed - by providing liquidity and p...

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt further.

Egypt announced a cabinet reshuffle on Tuesday that removed two ministers closely involved in talks with the International Monetary Fund and increased the representation of President Mohamed Morsi's Muslim Brotherhood in government.

Most economies hit by the Arab Spring uprisings will recover slowly next year, grappling with high inflation and rising unemployment due to poor global conditions, the International Monetary Fund predicted in a report on Sunday.

Authorities in the world's major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend. Officials from the G20 nations, whose leaders are meeting in Mexico next week, said that central banks were ready to take steps to stabilize financial markets - if needed - by providing liquidity and p...