Egypt Expects Arab Aid in IMF Deal

Egypt Expects Arab Aid in IMF Deal

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Business, Health Sciences, Social Studies, Biology

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The transcript discusses Egypt's $21 billion financial program over three years, highlighting a funding gap of $9 billion. The IMF, World Bank, and African Development Bank are key contributors, but additional bilateral financing is needed. The Prime Minister addresses concerns about pledges from the UAE and Saudi Arabia, amidst speculation about the impact of oil prices on aid. The IMF's role in ensuring proper fund allocation is emphasized.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total funding gap that Egypt needs to fill for its program?

$12 billion

$21 billion

$9 billion

$3 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which two countries were mentioned as having pledged financial support to Egypt?

Jordan and Lebanon

Qatar and Kuwait

Bahrain and Oman

UAE and Saudi Arabia

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the central bank governor's response regarding the Arab financial support?

He expressed uncertainty due to oil price drops.

He denied any pledges were made.

He confirmed the support was guaranteed.

He stated the support was already received.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason speculated for the delay in financial support from Gulf allies?

Political instability in Egypt

Change in government policies

Increase in global interest rates

Drop in oil prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does the IMF play in Egypt's financial program?

Providing all the necessary funds

Negotiating with other countries

Managing Egypt's central bank

Ensuring transparency and program solidity