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How to protect currency transcript

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What is the debt issue in Egypt?

The government debt-to-GDP ratio hovers around 90%, while external debt has more than doubled since 2013, to 34%. Debt service consumes 45% of government revenue. Well-meaning Egyptians have warned for years that the country was tumbling into a debt trap.

What is the funding gap in Egypt?

The IMF estimates Egypt will experience a $17 billion financing gap over the next four years. Through the loan programme, Egypt aims to address the imbalances in its macroeconomy caused by the Russia-Ukraine conflict.

What does the IMF do?

The IMF monitors the international monetary system and global economic developments to identify risks and recommend policies for growth and financial stability. The Fund also undertakes a regular health check of the economic and financial policies of its 190 member countries.

What is the IMF mission in Ghana?

What will be the objectives of the IMF program with Ghana? The goal of the governments economic program is to restore macroeconomic stability and debt sustainability while protecting the vulnerable, preserve financial stability, and laying the foundation for strong and inclusive recovery.

Should people invest in cryptocurrency what do you think about it?

Cryptocurrency can be a great investment with astronomically high returns overnight; however, there is also a considerable downside. Investors should analyze whether their time horizon, risk tolerance, and liquidity requirements fit their investor profile.

Which country has borrowed the most money from IMF?

B Argentina is the biggest debtor to the IMF, with a total outstanding debt of $42.2bn. The country has had a long and troubled relationship with the IMF, with a history of equally spectacular fall-outs and bail-outs. At the turn of the century, the IMF made $88.3bn available to bail out the countrys ailing economy.

Who owns Egypts debt?

Within Egypt itself, the largest debtor was the government and the public sector generally. For example, public debt, apart from the military made up about 78 percent of the total; the rest was borne by private enterprises and banks.

How much did Egypt borrow from IMF?

The IMF Executive Board approved a 46-month arrangement under the Extended Fund Facility (EFF) for Egypt in an amount of about US$3 billion.

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