Egypt’s economy after IMF loans
Lesson Brief
CNBC Arabia
On November 23, CNBC Arabia reported on the possible shape of the Egyptian economy after it receives the first tranche of an $12 billion IMF loan that was approved on November 11. Egypt is in urgent need of the loan due to high unemployment rates, high inflation, and a chronic budget deficit. The loan will be dispersed alongside structural reforms to Egypt's economy that are expected to gradually increase its performance. The attached video is a transcript of the article for this set.
Suggested Set: Egypt repays Qatar $1 billion in outstanding debt
Click and Match
- inflation
- التضخم
- GDP, gross domestic product
- الناتج المحلي الإجمالي
- the first slice, tranche
- الشريحة الاولى
- factor(s)
- عامل ، عوامل
- to range between
- تَرَاوَحَ بين ، يَتَرَاوَحُ بين
- the fiscal deficit
- العجز المالي
- a chronic deficit
- عجز مزمن
- borrowing
- الاقتراض
- foreign exchange
- النقد الاجنبي
- the right path
- الطريق الصحيح