IMF lowers projections for Egypt's real GDP growth in FY2023/2024

**This is a 60-seconds sample of the video. For the full version, please contact us.**

IMF lowers projections for Egypt's real GDP growth in FY2023/2024

STORY: IMF lowers projections for Egypt's real GDP growth in FY2023/2024 SHOOTING TIME: Earlier footage DATELINE: Jan. 31, 2024 LENGTH: 00:00:52 LOCATION: Cairo CATEGORY: SOCIETY SHOTLIST: 1. various of Central Bank of Egypt 2. various of Egyptian banknotes and U.S. dollars STORYLINE: The International Monetary Fund (IMF) has downgraded its forecasts for Egypt's real GDP growth in the current FY2023/2024 to 3 percent, down from the 3.6 percent it projected in October of 2023. In its updated World Economic Outlook (WEO) report released on Tuesday, the Fund has also lowered its projections for the country's real GDP growth in the incoming FY2024/2025 to 4.7 percent, down from 5 percent it projected in October of 2023. An IMF mission is now in Egypt to discuss a possible additional financing package for the country that is suffering a severely challenging economic situation amid the repercussions of global and regional tensions. Egypt is currently experiencing harsh economic woes, mainly the severe

  • Product Code
  • ILEA002253619
  • Registered date
  • 2024/1/31 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 54.19(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    China's green transformation, innovation impress Summer Davos attendees

    STORY: China's green transformation, innovation impress Summer Davos attendees SHOOTING TIME: June 25, 2024 DATELINE: June 26, 2024 LENGTH: 00:02:34 LOCATION: Dalian, China CATEGORY: ECONOMY SHOTLIST: 1. various of 15th Annual Meeting of the New Champions (Summer Davos) 2. various of China's Liaoning Province 3. SOUNDBITE 1 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 4. SOUNDBITE 2 (English): ALEX ZHAVORONKOV, CEO, Insilico Medicine, the U.S. 5. various of China 6. SOUNDBITE 3 (English): DIMITRI DE BOER, Chief Representative for China, ClientEarth 7. SOUNDBITE 4 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 8. various of China 9. SOUNDBITE 5 (English): MICHAEL HILLARY, Group Executive for Financing Operations, Development Bank of Southern Africa 10. SOUNDBITE 6 (English): SALIM HODALI PINILLA, Chief Retail, Bank of Palestine 11. various of 15th Annual Meeting of the New Ch

      From AI to new energy vehicles, China's emerging industries a boon for the world

      STORY: From AI to new energy vehicles, China's emerging industries a boon for the world SHOOTING TIME: June 25/27, 2024 DATELINE: June 27, 2024 LENGTH: 00:01:22 LOCATION: DALIAN, China CATEGORY: ECONOMY SHOTLIST: 1. STANDUP (English): MU XUYAO, Xinhua correspondent 2. SOUNDBITE 1 (English): DIMITRI DE BOER, Chief Representative for China, ClientEarth 3. SOUNDBITE 2 (English): ESPEN MEHLUM, Head of Energy Transition Intelligence and Regional Acceleration at World Economic Forum 4. SOUNDBITE 3 (English): MICHAEL HILLARY, Group Executive for Financing Operations, Development Bank of Southern Africa 5. SOUNDBITE 4 (English): SALIM HODALI PINILLA, Chief Retail, Bank of Palestine STORYLINE: STANDUP (English): MU XUYAO, Xinhua correspondent "From artificial intelligence to electric vehicles, China's progress made in science and technology and green transformation has impressed many participants at the Summer Davos. What could the country's technological advancement and high-quality development bring to the world?

        BYD launches 3rd EV model in Japan

        STORY: BYD launches 3rd EV model in Japan SHOOTING TIME: June 25, 2024/Earlier footage DATELINE: June 26, 2024 LENGTH: 00:01:25 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. SOUNDBITE (Japanese): ATSUKI TOFUKUJI, President of BYD Auto Japan 3. various of BYD SEAL STORYLINE: Chinese automaker BYD on Tuesday unveiled its third electric vehicle (EV), the SEAL, in Japan, as the company marches into the country's sedan market. The SEAL will be available in two versions, both with a battery capacity of 82.56 kWh, according to BYD Auto Japan Inc. at a press conference in Tokyo. The base model, priced at 5.28 million yen (about 33,110 U.S. dollars), offers a driving range of about 640 kilometers, while the all-wheel-drive (AWD) version went on sale at 6.05 million yen with a driving range of 575 kilometers. Deliveries are expected by the end of July for the base model and the end of August for the AWD version. Highlighting safety, sporty performance, and comfort, the newly i

          Freight throughput at China's Horgos Port exceeds 17 mln tonnes in Jan-May

          STORY: Freight throughput at China's Horgos Port exceeds 17 mln tonnes in Jan-May SHOOTING TIME: June 25, 2024 DATELINE: June 26, 2024 LENGTH: 00:01:02 LOCATION: HORGOS, China CATEGORY: ECONOMY SHOTLIST: 1. various of the Horgos highway port 2. various of a China-Europe freight train in operation 3. SOUNDBITE (Chinese): LIANG HAO, Manager of Horgos Haocheng International Freight Forwarding Co., Ltd. STORYLINE: The freight volume passing through the Horgos Port in northwest China's Xinjiang Uygur Autonomous Region reached 17.518 million tonnes in the first five months of this year, an increase of 12 percent year-on-year, according to Horgos customs. A total of 3,248 China-Europe (Central Asia) freight trains passed through Horgos Port during the period, marking a year-on-year increase of 1.9 percent. SOUNDBITE (Chinese): LIANG HAO, Manager of Horgos Haocheng International Freight Forwarding Co., Ltd. "The business environment at Horgos Port has been improving. In the first five months of this year, our co

            China revs up flood rescue efforts amid heavy rainfall

            STORY: China revs up flood rescue efforts amid heavy rainfall SHOOTING TIME: Recent footage DATELINE: June 26, 2024 LENGTH: 00:01:08 LOCATION: Beijing CATEGORY: SOCIETY SHOTLIST: 1. various of flood-hit areas 2. SOUNDBITE 1 (Chinese): ZHENG ZHOUJI, Resident, Sucun Village, Hangzhou City, Zhejiang Province 3. SOUNDBITE 2 (Chinese): YANG HUIYAN, Resident, Gaoliang Village, Zhijin County, Guizhou Province STORYLINE: Heavy rainfall will continue to batter a large portion of the middle and lower reaches of the Yangtze River in China, weather forecasters said on Tuesday. China's National Meteorological Center renewed a red alert for heavy rainfall, the most severe alert in the country's weather warning system. Floods have occurred in several rivers. Rescue and evacuation efforts are underway in multiple flood-hit areas. In low-lying rural areas of Hangzhou City, east China's Zhejiang Province, a mother who had just given birth was transferred with her family to a safe place. SOUNDBITE 1 (Chinese): ZHENG

              World Bank Group approves new financing for Egypt

              STORY: World Bank Group approves new financing for Egypt SHOOTING TIME: File DATELINE: June 25, 2024 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Egypt STORYLINE: The World Bank approved on Monday the provision of 700 million U.S. dollars in financing the Egyptian government, within the framework of the Development Policy Financing (DPF) program, to enhance macroeconomic stability. The DPF program is designed to support the government's efforts to address short-term economic challenges, contribute to strengthening structural reforms, increase the competitiveness of the economy, and improve the business environment in Egypt. Egyptian Minister of International Cooperation Rania Al-Mashat said the Egyptian government pledges to implement ambitious economic and structural reforms, aiming at creating a more competitive economy. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

                Japan to respond appropriately, any time to excessive yen moves: currency official

                STORY: Japan to respond appropriately, any time to excessive yen moves: currency official SHOOTING TIME: June 20, 2024/Earlier footage DATELINE: June 25, 2024 LENGTH: 00:02:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Japan 3. various of Tokyo Stock Exchange 4. various of Nikkei stock index STORYLINE: Japan stands ready to take appropriate steps against volatile currency moves at "any time," the country's top currency diplomat said Monday, as the yen neared the 160 line against the U.S. dollar, a level that previously prompted authorities to intervene in the market. Masato Kanda, vice finance minister for international affairs, warned that excessive yen fluctuations negatively affect the economy. "We are ready to take appropriate action at any time," he told reporters. The yen's weakness persists after the Bank of Japan's decision this month to hold off reducing bond-buying stimulus until its July meeting. The yen weakened to 159.94 per U.S. doll

                  Summer Davos highlights global cooperation for shared, green growth

                  STORY: Summer Davos highlights global cooperation for shared, green growth SHOOTING TIME: June 25, 2024 DATELINE: June 25, 2024 LENGTH: 0:02:13 LOCATION: DALIAN, China CATEGORY: ECONOMY SHOTLIST: 1. various of the Summer Davos 2. SOUNDBITE 1 (English): SIDDHARTH CHATTERJEE, UN Resident Coordinator in China 3. SOUNDBITE 2 (English): SABRINA TORGAN, PhageLab, Chile 4. SOUNDBITE 3 (English): ESPEN MEHLUM, Head, Energy Transition Intelligence and Regional Acceleration at World Economic Forum STORYLINE: The 15th Annual Meeting of the New Champions, also known as the Summer Davos, opened on Tuesday in the coastal city of Dalian in northeast China's Liaoning Province. Themed "Next Frontiers for Growth," the three-day meeting gathers over 1,700 representatives of the political, business, academic and media communities in more than 100 countries and regions. The call for strengthened partnership has rung clear at the Summer Davos as the world seeks new growth engines to propel a sluggish global economy. SOUNDBIT

                    France's investments in Egypt amount to 7.2 bln USD: Egyptian PM

                    STORY: France's investments in Egypt amount to 7.2 bln USD: Egyptian PM SHOOTING TIME: June 24, 2024 DATELINE: June 25, 2024 LENGTH: 00:00:49 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the cabinet headquarters 2. various of the meeting STORYLINE: In a meeting with a delegation of the French Chamber of Commerce and Industry and representatives of French companies working in Egypt on Monday, Egypt's Prime Minister Mostafa Madbouly stated that French investments in Egypt amounted to about 7.2 billion U.S. dollars through 940 French companies in the country. During the meeting, Mostafa Madbouly reviewed the projects implemented by these companies in Egypt, their future plans, and their proposals to develop their investments in Egypt. The Prime Minister expressed hope for French companies to increase their investments in Egypt, particularly in sectors like transportation, especially metro projects. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

                      Egypt reports growth in electronic payment gateway operations

                      STORY: Egypt reports growth in electronic payment gateway operations SHOOTING TIME: June 23, 2024 DATELINE: June 24, 2024 LENGTH: 00:00:47 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Ministry of Finance 2. various of Egypt's Minister of Finance Mohamed Maait speaking STORYLINE: Egypt's Minister of Finance Mohamed Maait said on Sunday that the Government Electronic Payment Gateway (GePG) has experienced growth in its operations from July 2023 to May 2024, referring the total value of services processed through GePG reached 2.5 trillion Egyptian pound (EGP) (about 51.9 billion USD) during this period, compared to 2.1 trillion EGP (43.6 billion USD) in the previous fiscal year. The electronic payment service for workers' salaries in the country saw a growth rate of 24 percent, amounting to 299.4 billion EGP (6.21 billion USD), versus 242.2 billion EGP (5.03 billion USD) in the same period of the last fiscal year. The minister further highlighted that the value of the electronic payment service