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
- external funding. financing
- التمويل الخارجي
- structural reforms
- إصلاحات هيكلية
- to become
- ُأَصْبَحَ ، يُصْبِح
- the private sector
- القطاع الخاص
- IMF, International Monetary Fund
- صندوق النقد الدولي
- it will be reflected
- ستتجلى
- the first slice, tranche
- الشريحة الاولى
- the current account
- الحساب الجاري
- the challenges
- التحديات
- foreign exchange
- النقد الاجنبي