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‫ﺗﻘﺭﻳﺭ‪ ‬ﺻﻧﺩﻭﻕ‪ ‬ﺍﻟﻧﻘﺩ‪ ‬ﺍﻟﺩﻭﻟﻲ‪ ‬ﻋﻥ‪ ‬ﻣﺻﺭ‪... ‬ﻣﺎ‪ ‬ﻫﻲ‪ ‬ﺍﻟﺩﻭﻝ‪ ‬ﺍﻟﺩﺍﻋﻣﺔ‪ ‬ﻟﻣﺻﺭ‪ ‬ﻭﻣﺳﺎﺭ‪ ‬ﺑﺭﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻹﻗﺗﺻﺎﺩﻱ‪ ‬ﺍﻟﻣﺻﺭﻱ‪ ‬ﻭﺗﻭﻗﻌﺎﺕ‪ ‬ﺍﻟﺻﻧﺩﻭﻕ‪ ‬ﻟﻌﺎﻡ‪2017 ‬‬

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‫ﺍﻟﺘﺤﺪﺙ ﺇﻟﻰ ﺍﻟﻨﻔﺲ ﺑﺼﻮﺕ ﻣﺴﻤﻮﻉ "ﺃﻭﻝ ﻃﺮﻳﻖ ﺍﻟﻨﺠﺎﺡ"‬

‫ﺃﺿﻑ‪ ‬ﺇﻳﻣﻳﻠﻙ‪ ‬ﻟﻳﺻﻠﻙ‪ ‬ﺟﺩﻳﺩﻧﺎ‬ ‫‪...Email address‬‬

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‫‪5/14/2017‬‬

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‫ﺍﻟﺮﺋﻴﺴﻴﺔ ﺍﻹﻗﺘﺼﺎﺩ ‪ ‬ﺍﻟﺪﻋﻢ ‪ ‬ﺍﻟﻀﺮﻳﺒﺔ‪ ‬ﺍﻟﻤﻀﺎﻓﺔ ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻲ ‪ ‬ﻗﺮﺽ‪ ‬ﻣﺼﺮ ‪ ‬ﺗﻘﺮﻳﺮ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻲ‪ ‬ﻋﻦ‪ ‬ﻣﺼﺮ‪... ‬ﻣﺎ‬ ‫ﻫﻲ‪ ‬ﺍﻟﺪﻭﻝ‪ ‬ﺍﻟﺪﺍﻋﻤﺔ‪ ‬ﻟﻤﺼﺮ‪ ‬ﻭﻣﺴﺎﺭ‪ ‬ﺑﺮﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻹﻗﺘﺼﺎﺩﻱ‪ ‬ﺍﻟﻤﺼﺮﻱ‪ ‬ﻭﺗﻮﻗﻌﺎﺕ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ‬ﻟﻌﺎﻡ‪2017 ‬‬

‫‪Fly Cairo to Munich‬‬

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‫ﺗﻘﺮﻳﺮ ﺻﻨﺪﻭﻕ ﺍﻟﻨﻘﺪ ﺍﻟﺪﻭﻟﻲ ﻋﻦ ﻣﺼﺮ ‪...‬ﻣﺎ ﻫﻲ ﺍﻟﺪﻭﻝ ﺍﻟﺪﺍﻋﻤﺔ ﻟﻤﺼﺮ ﻭﻣﺴﺎﺭ ﺑﺮﻧﺎﻣﺞ‬ ‫ﺍﻹﺻﻼﺡ ﺍﻹﻗﺘﺼﺎﺩﻱ ﺍﻟﻤﺼﺮﻱ ﻭﺗﻮﻗﻌﺎﺕ ﺍﻟﺼﻨﺪﻭﻕ ﻟﻌﺎﻡ ‪2017‬‬

‫ﻣﺷﺎﺭﻛﺔ‪ ‬ﻣﻣﻳﺯﺓ‬ ‫ﻁﺒﻴﺒﺔ‪ ‬ﻭﺳﺆﺍﻝ‪ ‬ﻋﻠﻤﻲ؟‪ ‬ﻣﻨﻊ‬

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‫ﺍﻟﺤﻤﻞ"ﺗﻨﻈﻴﻢ‪ ‬ﺍﻻﺳﺮﺓ؟ﻭﺍﺟﺎﺑﺔ‪ ‬ﺭﺍﺋﻌﺔ‬ ‫ﻭﺷﺮﺡ‪ ‬ﻋﺠﻴﺐ‪..‬ﺩ‪.‬ﺫﺍﻛﺮ‪ ‬ﻧﺎﻳﻚ‬

‫ﻛﺎﺗﺏ‪ ‬ﻣﺳﺗﻘﻝ‬ ‫ﺗﻘﺮﻳﺮ ﺻﻨﺪﻭﻕ ﺍﻟﻨﻘﺪ ﺍﻟﺪﻭﻟﻲ ﻋﻦ ﻣﺼﺮ ‪2017‬‬

‫ﻛﺎﺗﺐ ﻣﺴﺘﻘﻞ‬

‫ﻧﺸﺮ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻰ‪ ،‬ﺍﻟﻴﻮﻡ‪ ‬ﺍﻷﺭﺑﻌﺎء‪ ،‬ﺗﻘﺮﻳﺮ‪ ‬ﺑﻌﺜﺘﻪ‪ ‬ﻭﻛﺸﻒ‪ ‬ﻋﻦ‪ ‬ﺗﻔﺎﺻﻴﻞ‪ ‬ﺣﺼﻮﻝ‪ ‬ﻣﺼﺮ‪ ‬ﻋﻠﻰ‪ ‬ﺗﻤﻮﻳﻼﺕ‪ ‬ﺧﺎﺭﺟﻴﺔ‬

‫ﻣﻦ ﻧﺤﻦ‬ ‫ﺍﻟﻔﻬﺮﺱ‬

‫‪ 218‬ﺗﺳﺟﻳﻼﺕ‪ ‬ﺍﻹﻋﺟﺎﺏ‬

‫ﺑﺈﺟﻤﺎﻟﻰ‪ 12.3 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻟﺴﺪ‪ ‬ﺍﻟﻔﺠﻮﺓ‪ ‬ﺍﻟﺘﻤﻮﻳﻠﻴﺔ‪ ‬ﻓﻰ‪ ‬ﺍﻟﻌﺎﻡ‪ ‬ﺍﻟﻤﺎﻟﻰ‪ ‬ﺍﻟﺤﺎﻟﻰ‪ ،‬ﻗﺒﻞ‪ ‬ﺇﺗﺎﺣﺔ‪ ‬ﻗﺮﺽ‪ ‬ﺑﻘﻴﻤﺔ‪ 12 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‬

‫ﺍﻹﻋﺟﺎﺏ‪ ‬ﺑﺎﻟﺻﻔﺣﺔ‬

‫ﻟﺪﻋﻢ‪ ‬ﺑﺮﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻹﻗﺘﺼﺎﺩﻯ‪ ‬ﺍﻟﺬﻯ‪ ‬ﺗﺘﺒﻨﺎﻩ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﻋﻠﻰ‪ ‬ﻣﺪﺍﺭ‪ 3 ‬ﺳﻨﻮﺍﺕ‪ ،‬ﻓﻰ‪ ‬ﻧﻮﻓﻤﺒﺮ‪ ‬ﺍﻟﻤﺎﺿﻰ‪.‬‬ ‫ﺍﻟﻤﺸﺎﺭﻛﺎﺕ‪ ‬ﺍﻟﺸﺎﺋﻌﺔ‬

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‫ﺍﺗﺼﻞ ﺑﻨﺎ‬

‫‪ ‬ﻭﻗﺎﻝ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ،‬ﻓﻰ‪ ‬ﺗﻘﺮﻳﺮﻩ‪ ‬ﺍﻟﺼﺎﺩﺭ‪ ‬ﺑﺎﻟﻠﻐﺔ‪ ‬ﺍﻹﻧﺠﻠﻴﺰﻳﺔ‪ ، ‬ﺇﻥ‪ ‬ﺑﺮﻧﺎﻣﺞ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‪ ‬ﻣﻤﻮﻝ‪ ‬ﺑﺎﻟﻜﺎﻣﻞ‪ ‬ﺣﺘﻰ‪ ‬ﻧﻬﺎﻳﺔ‬

‫ﺍﻟﺴﻌﻮﺩﻳﺔ‪ :‬ﺭﻓﻀﻨﺎ‪ ‬ﻋﺮﺽ‪ ‬ﺍﻟﺴﻴﺴﻲ‪ ‬ﺑﺈﺭﺳﺎﻝ‪ ‬‬

‫‪ ،2017­2016‬ﻟﻜﻦ‪ ‬ﺳﻴﻜﻮﻥ‪ ‬ﻫﻨﺎﻙ‪ ‬ﺍﺣﺘﻴﺎﺟﺎﺕ‪ ‬ﺗﻤﻮﻳﻠﻴﺔ‪ ‬ﻟﻠﻌﺎﻣﻴﻦ‪ ‬ﺍﻟﻤﺎﻟﻴﻴﻦ‪ ‬ﺍﻟﻤﻘﺒﻠﻴﻦ‪.‬‬

‫ﻣﺼﺮﻱ‪ ‬ﻟﻠﻤﺸﺎﺭﻛﺔ‪ ‬ﻓﻲ‪ ‬ﺣﺮﺏ‪ ‬ﺍﻟﻴﻤﻦ‪) ‬ﻓﻴﺪﻳﻮ(‬

‫ﻗﺎﻝ ﺍﻟﻠﻮﺍﺀ ﺃﺣﻤﺪ ﻋﺴﻴﺮﻱ‪ ،‬ﻣﺴﺘﺸﺎﺭ ﻭﺯﻳﺮ ﺍﻟﺪﻓﺎﻉ ﺍﻟﺴﻌﻮﺩ‬ ‫ﻗﻮﺍﺕ ﺍﻟﺘﺤﺎﻟﻒ ﺍﻟﻌﺮﺑﻲ ﻟﺪﻋﻢ ﺍﻟﺸﺮﻋﻴﺔ ﻓﻲ ﺍﻟﻴﻤﻦ‪ ،‬ﺇﻥ ﻣ‬ ‫ﻓﻲ ﺗﺢ‪...‬‬

‫ﻭﻭﻓﻘﺎ ً‪ ‬ﻟﺒﻴﺎﻧﺎﺕ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ،‬ﺗﻠﻘﺖ‪ ‬ﻣﺼﺮ‪ ‬ﻗﺮﻭﺿﺎ ً‪ ‬ﻭﻣﻨﺤﺎ ً‪ ‬ﺑﻘﻴﻤﺔ‪ 12.3 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺇﺟﻤﺎﻟﻰ‪ 35 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻄﻠﻮﺑﺔ‬ ‫ﻟﺴﺪ‪ ‬ﺍﻟﻔﺠﻮﺓ‪ ‬ﺍﻟﺘﻤﻮﻳﻠﻴﺔ‪ ‬ﻋﻠﻰ‪ ‬ﻣﺪﺍﺭ‪ 3 ‬ﺳﻨﻮﺍﺕ‪.‬‬

‫‪ ‬ﺗﻔﺎﺻﻴﻞ‪ ‬ﺍﻟﺘﻤﻮﻳﻼﺕ‪ ‬ﺍﻟﺘﻲ‪ ‬ﺣﺼﻠﺖ‪ ‬ﻋﻠﻴﻬﺎ‪ ‬ﻣﺼﺮ‪ ‬ﻭﻣﺼﺎﺩﺭﻫﺎ‪ ‬‬

‫"ﻣﺼﺮ‪ ‬ﺑﺘﺼ ﺒ ّﺢ‪ ‬ﻋﻠﻰ‪ ‬ﻭﻻﺩﻫﺎ"‪ ..‬ﻭﺯﺍﺭﺗﺎ‪ ‬ﺍﻟﻬﺠﺮﺓ‪ ‬ﻭﺍ‬

‫‪ 2‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺍﻟﺒﻨﻚ‪ ‬ﺍﻟﺪﻭﻟﻰ‪.‬‬

‫ﺇﻋﻔﺎء‪ ‬ﺳﻴﺎﺭﺓ‪ ‬ﻣﻦ‪ ‬ﺍﻟﺠﻤﺎﺭﻙ‪ ‬ﻟﻜﻞ‪ ‬ﻣﺼﺮﻯ‪ ‬ﻣﻐﺘﺮﺏ‬

‫‪ 500‬ﻣﻠﻴﻮﻥ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺑﻨﻚ‪ ‬ﺍﻟﺘﻨﻤﻴﺔ‪ ‬ﺍﻹﻓﺮﻳﻘﻰ‪.‬‬

‫ﺃﻻ‪ ‬ﻳﺘﻌﺪﻯ‪ ‬ﺍﻟﻤﻮﺩﻳﻞ‪ 5 ‬ﺳﻨﻮﺍﺕ‪ ‬ﻣﺎﺿﻴﺔ‪ ..‬ﻭﺗﺤﻮﻳ‬ ‫ﺩﻭﻻﺭ‪ ‬ﻭﺍﺳﺘﻌﺎﺩﺗﻬﻢ‪ ‬ﺑﺎﻟﺠﻨﻴﻪ‪ ‬ﺍﻟﻤﺼﺮﻯ‬

‫‪ 3.2‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺍﻟﺒﻨﻚ‪ ‬ﺍﻹﻓﺮﻳﻘﻰ‪ ‬ﻟﻠﺘﺼﺪﻳﺮ‪ ‬ﻭﺍﻻﺳﺘﻴﺮﺍﺩ‪. ‬‬

‫ﺍﻟﺴﻔﻴﺮﺓ ﻧﺒﻴﻠﺔ ﻣﻜﺮﻡ ﻭﺯﻳﺮﺓ ﺍﻟﺪﻭﻟﺔ ﻟﻠﻬﺠﺮﺓ ﻭﺷﺆﻭﻥ ﺍﻟﻤﺼ‬ ‫ﺍﻟﺴﻔﻴﺮﺓ ﻧﺒﻴﻠﺔ ﻣﻜﺮﻡ‪ ،‬ﻭﺯﻳﺮﺓ ﺍﻟﺪﻭﻟﺔ ﻟﻠﻬﺠﺮﺓ ﻭﺷﺆﻭﻥ ﺍﻟﻤﺼﺮﻳﻴﻦ ﻓﻰ ﺍﻟﺨﺎﺭﺝ‪ ،‬ﻑ‪..‬‬

‫ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻭﺩﻳﻌﺔ‪ ‬ﺇﻣﺎﺭﺍﺗﻴﺔ‪.‬‬ ‫‪ 1.35‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺍﺗﻔﺎﻗﺎﺕ‪ ‬ﺇﻋﺎﺩﺓ‪ ‬ﺷﺮﺍء‪ ‬ﺃﻭﺭﺍﻕ‪ ‬ﻣﺎﻟﻴﺔ‪ ‬ﻣﻦ‪ ‬ﺑﻨﻮﻙ‪ ‬ﺗﺠﺎﺭﻳﺔ‪ ‬ﺩﻭﻟﻴﺔ‪" ‬ﺍﻟﺮﻳﺒﻮ"‪.‬‬

‫ﺳﻌﻴﺪ‪ ‬ﺍﻟﺸﺤﺎﺕ‪ ‬ﻳﻜﺘﺐ‪ :‬ﺫﺍﺕ‪ ‬ﻳﻮﻡ‪ ..‬‬

‫‪ 950‬ﻣﻠﻴﻮﻥ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺇﺻﺪﺍﺭ‪ ‬ﺳﻨﺪﺍﺕ‪ ‬ﺩﻭﻟﻴﺔ‪.‬‬

‫ﺍﻟﺪﻓﺎﻉ‪» ‬ﺃﺑﻮﻏﺰﺍﻟﺔ«‪ ‬ﺑﻌﺪ‪ ‬ﺍﺳﺘﺪﻋﺎء‪ ‬ﻣﻔﺎﺟﺊ‪ ‬ﺇﻟﻰ‬ ‫ﺍﻟﺠﻤﻬﻮﺭﻯ‬

‫‪ 2.7‬ﻣﻠﻴﺎﺭ‪ ‬ﻣﻦ‪ ‬ﺧﻼﻝ‪ ‬ﻣﺒﺎﺩﻟﺔ‪ ‬ﺍﻟﻌﻤﻠﺔ‪ ‬ﻣﻊ‪ ‬ﺍﻟﺼﻴﻦ‪.‬‬

‫ﺍﻟﻤﺸﻴﺮ ﻣﺤﻤﺪ ﻋﺒﺪﺍﻟﺤﻠﻴﻢ ﺃﺑﻮ ﻏﺰﺍﻟﺔ‪ ‬ﺧﺮﺝ ﺍﻟﻤﺸﻴﺮ ﻣﺤﻤﺪ‬ ‫ﻣﻦ ﺑﻴﺘﻪ ﻳﻮﻡ ‪ 16‬ﺇﺑﺮﻳﻞ »ﻣﺜﻞ ﻫﺬﺍ ﺍﻟﻴﻮﻡ«‬

‫‪ 250‬ﻣﻠﻴﻮﻥ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺃﻟﻤﺎﻧﻴﺎ‪ .‬‬ ‫‪ 150‬ﻣﻠﻴﻮﻥ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺍﻟﻤﻤﻠﻜﺔ‪ ‬ﺍﻟﻤﺘﺤﺪﺓ‪ ‬ﻭﻣﺜﻠﻬﺎ‪ ‬ﻣﻦ‪ ‬ﻓﺮﻧﺴﺎ‪ .‬‬

‫ﻣﺼﺮ‪ ...‬ﺗﺠﻬﻴﺰ‪ ‬ﻣﺰﺍﺭﻉ‪ ‬ﻭﺯﺍﺭﺓ‪ ‬ﺍﻟﺰﺭﺍﻋﺔ‪ ‬ﻟﺘﻨﻔﻴﺬ‪ ‬ﻣﺸ‬

‫‪ 50‬ﻣﻠﻴﻮﻥ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺍﻟﻴﺎﺑﺎﻥ‪.‬‬

‫ﺭﺃﺱ‪ ‬ﻣﺎﺷﻴﺔ"‬

‫ﻭﻗﺎﻝ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ،‬ﺇﻥ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‪ ‬ﺃﻭﺷﻜﺖ‪ ‬ﻋﻠﻰ‪ ‬ﺇﺑﺮﺍﻡ‪ ‬ﺍﺗﻔﺎﻕ‪ ‬ﺗﻤﻮﻳﻠﻰ‪ ‬ﺟﺪﻳﺪ‪ ‬ﻣﻊ‪ ‬ﻓﺮﻧﺴﺎ‪ ‬ﻭﺍﻟﻴﺎﺑﺎﻥ‪ ،‬ﺩﻭﻥ‪ ‬ﺍﻹﻓﺼﺎﺡ‬

‫ﻣﺸﺮﻭﻉ ﺍﻟﻤﻠﻴﻮﻥ ﺭﺃﺱ ﻣﺎﺷﻴﺔ ﻓﻲ ﻣﺼﺮ ­ﺃﺭﺷﻴﻔﻴﺔ‬ ‫ﺍﻟﺴﻴﺴﻰ‪ ،‬ﺍﻟﻘﻮﺍﺕ ﺍﻟﻤﺴﻠﺤﺔ‪ ‬ﻭﻭﺯﺍﺭﺓ‪ ‬ﺍﻟﺰﺭﺍﻋﺔ‪ ‬ﻣﻤﺜﻠﺔ ﻓﻰ ﻗﻄ‬ ‫ﻭ‪...‬‬

‫ﻋﻦ‪ ‬ﺍﻟﺘﻔﺎﺻﻴﻞ‪.‬‬ ‫ﻭﺗﻮﻗﻊ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ،‬ﺃﻥ‪ ‬ﺗﺘﻀﺎءﻝ‪ ‬ﺍﻟﻔﺠﻮﺓ‪ ‬ﺍﻟﺘﻤﻮﻳﻠﻴﺔ‪ ‬ﺧﻼﻝ‪ ‬ﺍﻟﻌﺎﻣﻴﻦ‪ ‬ﺍﻟﻤﺎﻟﻴﻴﻦ‪ ‬ﺍﻟﻤﻘﺒﻠﻴﻦ‪ ،‬ﻣﻊ‪ ‬ﻭﺟﻮﺩ‪ ‬ﺍﺣﺘﻤﺎﻻﺕ‪ ‬ﺟﻴﺪﺓ‪ ‬ﺑﺄﻥ‪ ‬ﻳﺘﻢ‬

‫"ﺍﻟﻘﻮﻯ‪ ‬ﺍﻟﻌﺎﻣﻠﺔ"‪ :‬ﺭﻓﻊ‪ ‬ﻣﻜﺎﻓﺄﺓ‪ ‬ﻧﻬﺎﻳﺔ‪ ‬ﺍﻟﺨﺪﻣﺔ‪ ‬ﻣ‬

‫ﺗﺪﺑﻴﺮﻫﺎ‪ ‬ﻣﻊ‪ ‬ﺍﻟﺪﻋﻢ‪ ‬ﻣﺘﻌﺪﺩ‪ ‬ﺍﻷﻁﺮﺍﻑ‪ ‬ﻭﺍﻧﺘﻬﺎء‪ ‬ﺑﻌﺾ‪ ‬ﺍﻻﻟﺘﺰﺍﻣﺎﺕ‪ ‬ﻣﺴﺘﺤﻘﺔ‪ ‬ﺍﻟﺴﺪﺍﺩ‪ ‬ﻭﺗﻮﻓﻴﺮ‪ ‬ﺗﻤﻮﻳﻼﺕ‪ ‬ﺟﺪﻳﺪﺓ‪.‬‬

‫ﺷﻬﺮﻳﻦ‪ ‬ﻟﻠﻮﺍﻓﺪﻳﻦ‪ ‬ﺑﺎﻟﺴﻌﻮﺩﻳﺔ‬

‫ﻭﻧﻮﻩ‪ ‬ﺍﻟﺘﻘﺮﻳﺮ‪ ‬ﺇﻟﻰ‪ ‬ﺃﻥ‪ ‬ﺩﻋﻢ‪ ‬ﺷﺮﻛﺎء‪ ‬ﻣﺼﺮ‪ ‬ﺍﻟﺪﻭﻟﻴﻴﻦ‪ ‬ﺿﺮﻭﺭﻳﺎ ً‪ ‬ﻟﻨﺠﺎﺡ‪ ‬ﺍﻟﺒﺮﻧﺎﻣﺞ‪ ،‬ﻻﻓﺘﺎ ً‪ ‬ﺇﻟﻰ‪ ‬ﺃﻥ‪ ‬ﺍﻟﺒﻨﻚ‪ ‬ﺍﻟﺪﻭﻟﻰ‪ ‬ﻭﺑﻨﻚ‪ ‬ﺍﻟﺘﻨﻤﻴﺔ‬

‫ﻭﺯﻳﺮ ﺍﻟﻘﻮﻯ ﺍﻟﻌﺎﻣﻠﺔ ﻣﺤﻤﺪ ﺳﻌﻔﺎﻥ ﺗﻠﻘﻰ ﻭﺯﻳﺮ ﺍﻟﻘﻮﻯ‬ ‫ﹰ‬ ‫ﺳﻌﻔﺎﻥ‪ ،‬ﺗﻘﺮﻳﺮﺍ ﻣﻦ ﻣﻜﺘﺐ ﺍﻟﺘﻤﺜﻴﻞ ﺍﻟﻌﻤﺎﻟﻰ ﺍﻟﺘﺎﺑﻊ ﻟﻠﻮﺯﺍﺭﺓ‬ ‫ﺑﺠﺪ‪...‬‬

‫ﺍﻹﻓﺮﻳﻘﻰ‪ ‬ﺷﺮﻳﻜﺎﻥ‪ ‬ﻗﻮﻳﺎﻥ‪ ‬ﻓﻰ‪ ‬ﺍﻟﻌﻤﻠﻴﺔ‪ ،‬ﻭﺃﻥ‪ ‬ﺍﻟﺘﻤﻮﻳﻞ‪ ‬ﻣﻦ‪ ‬ﺍﻟﺼﻴﻦ‪ ‬ﻭﺍﻹﻣﺎﺭﺍﺕ‪ ‬ﻭﻣﺠﻤﻮﻋﺔ‪ ‬ﺍﻟﺴﺒﻌﺔ‪ ،G7 ‬ﺳﺎﻫﻢ‪ ‬ﻓﻰ‪ ‬ﺳﺪ‬ ‫ﺍﻟﻔﺠﻮﺓ‪ ‬ﺍﻟﺘﻤﻮﻳﻠﻴﺔ‪ ‬ﻭﺗﻘﺪﻳﻢ‪ ‬ﺍﻟﺒﺮﻧﺎﻣﺞ‪ ‬ﺇﻟﻰ‪ ‬ﺍﻟﻤﺠﻠﺲ‪ ‬ﺍﻟﺘﻨﻔﻴﺬﻯ‪ ‬ﻟﻠﺼﻨﺪﻭﻕ‪.‬‬ ‫ﺍﻷﺭﺷﻴﻒ‬

‫‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻲ‪" ‬ﻣﺼﺮ‪ ‬ﻗﺎﻣﺖ‪ ‬ﺑﺒﺪﺍﻳﺔ‪ ‬ﺟﻴﺪﺓ"‬

‫ﻳﻨﺎﻳﺮ )‪(135‬‬

‫ﻗﺎﻝ‪ ‬ﻛﺮﻳﺲ‪ ‬ﻏﺎﺭﻓﻴﺲ‪ ،‬ﺭﺋﻴﺲ‪ ‬ﺑﻌﺜﺔ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ‬ﺇﻟﻰ‪ ‬ﻣﺼﺮ‪ ،‬ﺇﻥ‪ ‬ﺑﺮﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻻﻗﺘﺼﺎﺩﻱ‪ ‬ﺍﻟﺬﻱ‪ ‬ﺗﺘﺒﻌﻪ‪ ‬ﺍﻟﻘﺎﻫﺮﺓ‬ ‫ﻭﺍﻟﻤﺮﺗﺒﻂ‪ ‬ﺑﻘﺮﺽ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪" ‬ﻳﺴﻴﺮ‪ ‬ﻋﻠﻰ‪ ‬ﻣﺎ‪ ‬ﻳﺮﺍﻡ"‪ ،‬ﻣﺘﻮﻗﻌﺎ ً‪ ‬ﺻﺮﻑ‪ ‬ﺍﻟﺪﻓﻌﺔ‪ ‬ﺍﻟﺜﺎﻧﻴﺔ‪ ‬ﻣﻦ‪ ‬ﺍﻟﻘﺮﺽ‪ ‬ﻓﻲ‪ ‬ﺍﻟﺮﺑﻴﻊ‪ ‬ﺍﻟﻤﻘﺒﻞ‬ ‫)ﻣﻨﺘﺼﻒ‪ ‬ﻣﺎﺭﺱ(‪ .‬‬ ‫‪ ‬‬

‫‪1/5‬‬

‫ﺍﻟﺘﺼﻨﻴﻔﺎﺕ‬ ‫ﺍﺑﺤﺎﺙ‪ ‬ﻋﻠﻤﻴﺔ‪(48) ‬‬

‫ﺍﺛﺮ‪ ‬ﺍﻟﻔﺮﺩ‪ ‬ﻓﻲ‪ ‬ﺑﻨﺎﺀ‪ ‬ﺍﻟﻮﻃﻦ‪(4) ‬‬

‫‪http://www.katebmustaqel.com/2017/01/2017egypteconomy.html‬‬

‫ﺗﻘﺭﻳﺭ‪ ‬ﺻﻧﺩﻭﻕ‪ ‬ﺍﻟﻧﻘﺩ‪ ‬ﺍﻟﺩﻭﻟﻲ‪ ‬ﻋﻥ‪ ‬ﻣﺻﺭ‪... ‬ﻣﺎ‪ ‬ﻫﻲ‪ ‬ﺍﻟﺩﻭﻝ‪ ‬ﺍﻟﺩﺍﻋﻣﺔ‪ ‬ﻟﻣﺻﺭ‪ ‬ﻭﻣﺳﺎﺭ‪ ‬ﺑﺭﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻹﻗﺗﺻﺎﺩﻱ‪ ‬ﺍﻟﻣﺻﺭﻱ‪ ‬ﻭﺗﻭﻗﻌﺎﺕ‪ ‬ﺍﻟﺻﻧﺩﻭﻕ‪ ‬ﻟﻌﺎﻡ‪2017 ‬‬

‫ﻛﻤﺎ‪ ‬ﺃﺭﺩﻑ‪ ‬ﻗﺎﺋﻼً‪ ‬ﻓﻲ‪ ‬ﻣﺆﺗﻤﺮ‪ ‬ﺻﺤﻔﻲ‪ ‬ﺑﺜﺖ‪ ‬ﻭﻗﺎﺋﻌﻪ‪ ‬ﻋﻠﻰ‪ ‬ﻣﻮﻗﻊ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪" ،‬ﺍﻋﺘﻘﺪ‪ ‬ﺃﻥ‪ ‬ﻣﺼﺮ‪ ‬ﻗﺎﻣﺖ‪ ‬ﺑﺒﺪﺍﻳﺔ‪ ‬ﺟﻴﺪﺓ"‪ ،‬ﻭﺗﻮﻗﻊ‬ ‫ﺃﻥ‪ ‬ﺗﺮﺗﻔﻊ‪ ‬ﻗﻴﻤﺔ‪ ‬ﺍﻟﺠﻨﻴﻪ‪ ‬ﺧﻼﻝ‪ ‬ﺍﻟﻌﺎﻡ‪ ‬ﺍﻟﺠﺎﺭﻱ‪ ،‬ﻭﺫﻟﻚ‪ ‬ﺑﻌﺪ‪ ‬ﺍﻥ‪ ‬ﺷﻬﺪ‪ ‬ﻓﻲ‪ ‬ﺍﻟﻔﺘﺮﺓ‪ ‬ﺍﻟﻤﺎﺿﻴﺔ‪ ‬ﻫﺒﻮﻁﺎ ً‪ ‬ﺣﺎﺩﺍ ً‪. ‬‬ ‫‪ ‬‬ ‫ﻭﻭﺍﻓﻖ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻲ‪ ‬ﻓﻲ‪ ‬ﻧﻮﻓﻤﺒﺮ‪ ‬ﺍﻟﻤﺎﺿﻲ‪ ‬ﻋﻠﻰ‪ ‬ﻣﻨﺢ‪ ‬ﻗﺮﺽ‪ ‬ﺑﻘﻴﻤﺔ‪ 12 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻷﻛﺒﺮ‪ ‬ﺑﻠﺪ‪ ‬ﻋﺮﺑﻲ‪ ‬ﻳﻌﻴﺶ‪ ‬ﻓﻴﻪ‬ ‫ﺯﻫﺎء‪ 92 ‬ﻣﻠﻴﻮﻥ‪ ‬ﻧﺴﻤﺔ‪ ،‬ﻭﺫﻟﻚ‪ ‬ﺑﻌﺪ‪ ‬ﺃﻥ‪ ‬ﻗﻠﺼﺖ‪ ‬ﺍﻟﻘﺎﻫﺮﺓ‪ ‬ﻣﻴﺰﺍﻧﻴﺔ‪ ‬ﺩﻋﻢ‪ ‬ﺍﻟﻄﺎﻗﺔ‪ ‬ﻭﺣﺮﺭﺕ‪ ‬ﺳﻌﺮ‪ ‬ﺻﺮﻑ‪ ‬ﺍﻟﺠﻨﻴﻪ‪ .‬‬ ‫‪ ‬‬

‫‪5/14/2017‬‬ ‫ﺍﺣﻤﺪ‪ ‬ﺍﻟﻤﺴﻠﻤﺎﻧﻲ‪(13) ‬‬ ‫ﺍﺯﻣﺔ‪ ‬ﺍﻟﺪﻭﻻﺭ‪(30) ‬‬

‫ﺍﺧﻼﻕ‪ ‬ﺍﻟﺮﺳﻮﻝ‪(1) ‬‬ ‫ﺍﺳﺮﺍﺭ‪ ‬ﺍﻟﺘﻤﻴﺰ‪(6) ‬‬

‫ﺍﻻﺗﺤﺎﺩ‪ ‬ﺍﻷﻭﺭﺑﻲ‪(14) ‬‬ ‫ﺍﻻﺻﻼﺡ‪(4) ‬‬

‫ﺍﻻﺗﺤﺎﺩ‪ ‬ﺍﻟﻌﺮﺑﻲ‪(43) ‬‬

‫ﺍﻻﻋﺠﺎﺯ‪ ‬ﺍﻟﻌﻠﻤﻲ‪(6) ‬‬

‫ﺍﻻﻋﻼﻡ‪ ‬ﺍﻟﻐﺮﺑﻲ‪(5) ‬‬

‫ﻭﺃﻓﺮﺝ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ‬ﻋﻦ‪ ‬ﺷﺮﻳﺤﺔ‪ ‬ﺃﻭﻟﻰ‪ ‬ﺑﻘﻴﻤﺔ‪ 2.75 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻣﻦ‪ ‬ﺍﻟﻘﺮﺽ‪ ،‬ﻓﻲ‪ ‬ﻭﻗﺖ‪ ‬ﻋﻤﺪﺕ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﺇﻟﻰ‪ ‬ﺗﻄﺒﻴﻖ‬ ‫ﺍﻟﻌﺪﻳﺪ‪ ‬ﻣﻦ‪ ‬ﺍﻹﺻﻼﺣﺎﺕ‪ ‬ﺍﻷﻛﺜﺮ‪ ‬ﺻﻌﻮﺑﺔ‪ ‬ﻣﺜﻞ‪ ‬ﺗﺤﺮﻳﺮ‪ ‬ﺳﻌﺮ‪ ‬ﺻﺮﻑ‪ ‬ﺍﻟﺠﻨﻴﻪ‪ ‬ﻭﺗﻄﺒﻴﻖ‪ ‬ﺿﺮﻳﺒﺔ‪ ‬ﺍﻟﻘﻴﻤﺔ‪ ‬ﺍﻟﻤﻀﺎﻓﺔ‪.‬‬ ‫‪ ‬‬

‫ﺍﻟﺘﻄﺮﻑ‪ ‬ﻭﺍﻻﺭﻫﺎﺏ‪(10) ‬‬ ‫ﺍﻟﺘﻨﻤﻴﺔ‪ ‬ﺍﻟﺒﺸﺮﻳﺔ‪(5) ‬‬

‫ﺍﻟﻌﻮﻟﻤﺔ‪(2) ‬‬

‫ﻭﺣﺴﺐ‪ ‬ﺍﻟﺘﻘﺮﻳﺮ‪ ‬ﺍﻟﺬﻱ‪ ‬ﻧﺸﺮﻩ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ‬ﺍﻷﺭﺑﻌﺎء‪ ،‬ﻳﺤﺪﺩ‪ ‬ﺍﻟﺒﺮﻧﺎﻣﺞ‪ ‬ﻣﺠﻤﻮﻋﺔ‪ ‬ﻣﻦ‪ ‬ﺍﻟﺘﺪﺍﺑﻴﺮ‪ ‬ﺍﻷﺧﺮﻯ‪ ‬ﺑﻤﺎ‪ ‬ﻓﻲ‪ ‬ﺫﻟﻚ‪ ‬ﺇﻟﻐﺎء‪ ‬ﺩﻋﻢ‬ ‫ﺍﻟﻄﺎﻗﺔ‪ ‬ﻭﺇﺻﻼﺡ‪ ‬ﺍﻟﺸﺮﻛﺎﺕ‪ ‬ﺍﻟﺤﻜﻮﻣﻴﺔ‪ ‬ﻭﺇﺩﺧﺎﻝ‪ ‬ﺇﺻﻼﺣﺎﺕ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻟﺴﻴﺎﺳﺔ‪ ‬ﺍﻟﻨﻘﺪﻳﺔ‪ .‬‬

‫ﺩﺍﻋﺶ‪(17) ‬‬

‫ﻭﻣﻦ‪ ‬ﺍﻟﻤﻘﺮﺭ‪ ‬ﺃﻥ‪ ‬ﺗﻨﻔﺬ‪ ‬ﻣﺼﺮ‪ ‬ﻫﺬﻩ‪ ‬ﺍﻹﺻﻼﺣﺎﺕ‪ ‬ﻋﻠﻰ‪ ‬ﻣﺪﻯ‪ ‬ﺍﻟﺴﻨﻮﺍﺕ‪ ‬ﺍﻟﺜﻼﺙ‪ ‬ﺍﻟﻘﺎﺩﻣﺔ‪ ،‬ﻻﺳﺘﻌﺎﺩﺓ‪ ‬ﺍﻹﺳﺘﻘﺮﺍﺭ‪ ‬ﺍﻻﻗﺘﺼﺎﺩﻱ‬

‫ﻗﻀﺎﻳﺎ‪ ‬ﺍﻟﻔﺴﺎﺩ‪(16) ‬‬

‫ﻭﺗﺤﻘﻴﻖ‪ ‬ﺍﻟﻨﻤﻮ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻷﺟﻞ‪ ‬ﺍﻟﻄﻮﻳﻞ‪ .‬‬

‫ﻧﺼﺎﺋﺢ‪ ‬ﺫﻫﺒﻴﺔ‪(4) ‬‬

‫ﺍﻟﺘﺤﺎﻟﻒ‪ ‬ﺍﻟﻌﺮﺑﻲ‬

‫ﺍﻟﺘﻨﺎﻓﺴﻴﺔ‪ ‬ﺍﻟﻌﺎﻟﻤ‬

‫ﺍﻟﺜﻘﺔ‪ ‬ﺑﺎﻟﻨﻔﺲ‪(2) ‬‬

‫ﺍﻟﻘﺮﺍﻥ‪ ‬ﺍﻟﻜﺮﻳﻢ‪(6) ‬‬

‫ﻋﻠﻢ‪ ‬ﺍﻻﻗﺘﺼﺎﺩ‪(1) ‬‬

‫‪ ‬‬

‫ﺍﻟﺘﻔﻮﻕ‪(3) ‬‬

‫ﺍﻟﺼﺪﻕ‪(3) ‬‬

‫ﺑﻨﺎﺀ‪ ‬ﺍﻟﻘﻮﺓ‪(4) ‬‬

‫ﺍﻻﻋﻼﻡ‪ ‬ﺍﻟﻌﺮﺑﻲ‬

‫ﺍﻻﻣﻦ‪ ‬ﺍﻟﻔﻜﺮﻱ‪(2) ‬‬

‫ﺍﻟﺮﺑﻴﻊ‪ ‬ﺍﻟﻌﺮﺑﻲ‪(7) ‬‬

‫‪ ‬ﺇﻟﻐﺎء‪ ‬ﺩﻋﻢ‪ ‬ﺍﻟﻄﺎﻗﺔ‬

‫ﺍﻗﺘﺼﺎﺩ‬

‫ﻋﻠﻮﻡ‪(146) ‬‬

‫ﺍﻟﺪﻧﻴﺎ‬

‫ﺍﻟﺼﻼﺓ‪(4) ‬‬ ‫ﺍﻟﻮﻃﻦ‪ ‬ﺍﻟﻌﺮﺑﻲ‬

‫ﺩﻳﻦ‪(40) ‬‬ ‫ﻗﺮﺃﺕ‪ ‬ﻟﻚ‬

‫ﻣﻘﺎﻻﺕ‪ ‬ﺍﻟﺮﺃﻯ‪(25) ‬‬

‫‪ ‬‬ ‫ﻭﻗﺎﻝ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪" ‬ﻣﻊ‪ ‬ﺗﻄﺒﻴﻖ‪ ‬ﺍﻟﺘﺪﺍﺑﻴﺮ‪ ‬ﺍﻟﻮﺍﺭﺩﺓ‪ ‬ﻓﻲ‪ ‬ﻫﺬﺍ‪ ‬ﺍﻟﺒﺮﻧﺎﻣﺞ‪ ،‬ﻓﺈﻥ‪ ‬ﻣﺼﺮ‪ ‬ﺗﺘﺤﺮﻙ‪ ‬ﺻﻮﺏ‪ ‬ﺍﺗﺠﺎﻩ‪ ‬ﺍﻗﺘﺼﺎﺩﻱ‪ ‬ﺟﺪﻳﺪ‪ ‬ﻳﺘﻼءﻡ‬ ‫ﻣﻊ‪ ‬ﺩﻭﺭﻫﺎ‪ ‬ﺍﻟﻬﺎﻡ‪ ‬ﻓﻲ‪ ‬ﺍﻟﻌﺎﻟﻢ‪ ‬ﺍﻟﻌﺮﺑﻲ‪ ‬ﻭﻣﻊ‪ ‬ﺗﻄﻠﻌﺎﺕ‪ ‬ﺟﻴﻞ‪ ‬ﺟﺪﻳﺪ"‪ .‬‬ ‫‪ ‬‬ ‫ﻭﺃﺿﺎﻑ‪" ‬ﺍﺳﺘﻌﺎﺩﺓ‪ ‬ﺍﺳﺘﻘﺮﺍﺭ‪ ‬ﺍﻻﻗﺘﺼﺎﺩ‪ ‬ﺍﻟﻜﻠﻲ‪ ‬ﺳﻴﺴﻤﺢ‪ ‬ﻟﻤﺼﺮ‪ ‬ﺑﺘﺠﺎﻭﺯ‪ ‬ﺍﻻﺿﻄﺮﺍﺏ‪ ‬ﺍﻻﻗﺘﺼﺎﺩﻱ‪ ‬ﻓﻲ‪ ‬ﻓﺘﺮﺓ‪ ‬ﻣﺎ‪ ‬ﺑﻌﺪ‪ ‬ﺍﻟﺜﻮﺭﺓ"‪ .‬‬ ‫‪ ‬‬ ‫ﻭﺗﻀﺮﺭ‪ ‬ﺍﻻﻗﺘﺼﺎﺩ‪ ‬ﺍﻟﻤﺼﺮﻱ‪ ‬ﺟﺮﺍء‪ ‬ﺍﻻﺿﻄﺮﺍﺑﺎﺕ‪ ‬ﺍﻟﺴﻴﺎﺳﻴﺔ‪ ‬ﻣﻨﺬ‪ ‬ﺍﻧﺘﻔﺎﺿﺔ‪ 2011 ‬ﺍﻟﺘﻲ‪ ‬ﺩﻓﻌﺖ‪ ‬ﺍﻟﻤﺴﺘﺜﻤﺮﻳﻦ‪ ‬ﺍﻷﺟﺎﻧﺐ‬ ‫ﻭﺍﻟﺴﻴﺎﺡ‪ ‬ﻟﻠﺨﺮﻭﺝ‪ ‬ﻣﻦ‪ ‬ﺍﻟﺒﻼﺩ‪ ،‬ﻭﻫﻤﺎ‪ ‬ﻣﺼﺪﺭﺍﻥ‪ ‬ﺭﺋﻴﺴﻴﺎﻥ‪ ‬ﻹﻳﺮﺍﺩﺍﺗﻬﺎ‪ ‬ﺑﺎﻟﻨﻘﺪ‪ ‬ﺍﻷﺟﻨﺒﻲ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﺃﺩﻯ‪ ‬ﺗﻔﺎﻗﻢ‪ ‬ﺃﺯﻣﺔ‪ ‬ﻧﻘﺺ‪ ‬ﺍﻟﺪﻭﻻﺭ‪ ‬ﺇﻟﻰ‪ ‬ﺷﻞ‪ ‬ﺣﺮﻛﺔ‪ ‬ﺍﻟﻮﺍﺭﺩﺍﺕ‪ ‬ﻓﻲ‪ ‬ﺍﻟﻮﻗﺖ‪ ‬ﺍﻟﺬﻱ‪ ‬ﺗﻮﺍﺟﻪ‪ ‬ﻓﻴﻪ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﺗﻔﺎﻗﻢ‪ ‬ﺍﻟﺪﻳﻦ‪ ‬ﺍﻟﻌﺎﻡ‬ ‫ﻷﺳﺒﺎﺏ‪ ‬ﻣﻦ‪ ‬ﺑﻴﻨﻬﺎ‪ ‬ﺍﻟﺘﻜﻠﻔﺔ‪ ‬ﺍﻟﻬﺎﺋﻠﺔ‪ ‬ﻟﻠﺪﻋﻢ‪ ‬ﻭﺿﻌﻒ‪ ‬ﺣﺼﻴﻠﺔ‪ ‬ﺍﻟﻀﺮﺍﺋﺐ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﻭﻓﻘﺎ ً‪ ‬ﻟﻠﺘﻘﺮﻳﺮ‪ ‬ﺍﻟﻮﺍﺭﺩ‪ ‬ﻓﻲ‪ 72 ‬ﺻﻔﺤﺔ‪ ،‬ﺗﻌﻬﺪﺕ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﺑﺎﻹﺑﻘﺎء‪ ‬ﻋﻠﻰ‪ ‬ﺳﻌﺮ‪ ‬ﺻﺮﻑ‪ ‬ﻣﺮﻥ‪ ‬ﻣﻊ‪ ‬ﺍﻟﺘﺪﺧﻞ‪ ‬ﻓﻘﻂ‪ ‬ﻣﻦ‪ ‬ﺣﻴﻦ‪ ‬ﻵﺧﺮ‬ ‫ﻟﻤﻨﻊ‪ ‬ﺣﺪﻭﺙ‪ ‬ﺗﻘﻠﺒﺎﺕ‪ ‬ﻣﻔﺮﻁﺔ‪ ‬ﻗﺼﻴﺮﺓ‪ ‬ﺍﻷﺟﻞ‪ ‬ﻓﻲ‪ ‬ﺳﻌﺮ‪ ‬ﺍﻟﺼﺮﻑ‪ .‬‬ ‫‪ ‬‬ ‫ﻛﻤﺎ‪ ‬ﺗﻌﻬﺪﺕ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﺃﻳﻀﺎ ً‪ ‬ﺑﺈﻟﻐﺎء‪ ‬ﺳﻘﻒ‪ ‬ﺍﻹﻳﺪﺍﻉ‪ ‬ﺍﻟﻨﻘﺪﻱ‪ ‬ﺑﺎﻟﻌﻤﻠﺔ‪ ‬ﺍﻟﺼﻌﺒﺔ‪ ‬ﺍﻟﺒﺎﻟﻎ‪ 50 ‬ﺃﻟﻒ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻟﻠﺸﺮﻛﺎﺕ‪ ‬ﺍﻟﻤﺴﺘﻮﺭﺩﺓ‬ ‫ﻟﻠﺴﻠﻊ‪ ‬ﻏﻴﺮ‪ ‬ﺍﻷﺳﺎﺳﻴﺔ‪ ،‬ﻭﺳﻘﻒ‪ ‬ﺗﺤﻮﻳﻼﺕ‪ ‬ﺍﻷﻓﺮﺍﺩ‪ ‬ﻟﻠﺨﺎﺭﺝ‪ ‬ﺍﻟﺒﺎﻟﻎ‪ 100 ‬ﺃﻟﻒ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻓﻲ‪ ‬ﺍﻟﻮﻗﺖ‪ ‬ﺍﻟﺬﻱ‪ ‬ﺗﺴﻌﻰ‪ ‬ﻓﻴﻪ‪ ‬ﻟﺰﻳﺎﺩﺓ‬ ‫ﺍﺣﺘﻴﺎﻁﻴﺎﺕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻷﺟﻨﺒﻲ‪ ‬ﺍﻟﻤﺘﺮﺍﺟﻌﺔ‪.‬‬

‫‪ ‬ﺗﻮﻗﻌﺎﺕ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪...‬ﺍﻟﺘﻀﺨﻢ‪ ‬ﺳﻴﺒﻠﻎ‪ 19 ‬ﻟﻠﺴﻨﺔ‪ ‬ﺍﻟﻤﺎﻟﻴﺔ‪ ‬ﺍﻟﺤﺎﻟﻴﺔ‪ ‬‬ ‫ﻭﺑﺪﻻً‪ ‬ﻣﻦ‪ ‬ﻗﻴﺎﻣﻪ‪ ‬ﺑﺈﺩﺍﺭﺓ‪ ‬ﺳﻌﺮ‪ ‬ﺍﻟﺼﺮﻑ‪ ،‬ﺳﻴﺴﺘﻬﺪﻑ‪ ‬ﺍﻟﺒﻨﻚ‪ ‬ﺍﻟﻤﺮﻛﺰﻱ‪ ‬ﺍﻟﺘﻀﺨﻢ‪ .‬ﻭﻳﺘﻮﻗﻊ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻲ‪ ‬ﺃﻥ‪ ‬ﻳﺒﻠﻎ‬ ‫ﺍﻟﺘﻀﺨﻢ‪ 19 ‬ﻓﻲ‪ ‬ﺍﻟﻤﺌﺔ‪ ‬ﻓﻲ‪ ‬ﺍﻟﺴﻨﺔ‪ ‬ﺍﻟﻤﺎﻟﻴﺔ‪ ‬ﺍﻟﺤﺎﻟﻴﺔ‪ ‬ﺑﺴﺒﺐ‪ ‬ﺗﺤﺮﻳﺮ‪ ‬ﺳﻌﺮ‪ ‬ﺍﻟﺼﺮﻑ‪ ‬ﻭﺧﻔﺾ‪ ‬ﺍﻟﺪﻋﻢ‪ ‬ﻭﺗﻄﺒﻴﻖ‪ ‬ﺿﺮﻳﺒﺔ‪ ‬ﺍﻟﻘﻴﻤﺔ‬ ‫ﺍﻟﻤﻀﺎﻓﺔ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﺗﺘﻮﻗﻊ‪ ‬ﺍﻟﺨﻄﺔ‪ ‬ﻫﺒﻮﻁ‪ ‬ﺍﻟﺘﻀﺨﻢ‪ ‬ﺇﻟﻰ‪ ‬ﺳﺒﻌﺔ‪ ‬ﻓﻲ‪ ‬ﺍﻟﻤﺌﺔ‪ ‬ﺑﻨﻬﺎﻳﺔ‪ ‬ﺍﻟﺒﺮﻧﺎﻣﺞ‪ ،‬ﻣﻊ‪ ‬ﺗﺸﺪﻳﺪ‪ ‬ﺍﻟﺒﻨﻚ‪ ‬ﺍﻟﻤﺮﻛﺰﻱ‪ ‬ﻟﻠﺴﻴﺎﺳﺔ‪ ‬ﺍﻟﻨﻘﺪﻳﺔ‬ ‫ﺑﺎﺳﺘﺨﺪﺍﻡ‪ ‬ﺃﺳﻌﺎﺭ‪ ‬ﺍﻟﻔﺎﺋﺪﺓ‪ ‬ﻭﺃﺩﻭﺍﺕ‪ ‬ﺃﺧﺮﻯ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﺗﻌﻬﺪﺕ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﻓﻲ‪ ‬ﻁﻠﺒﻬﺎ‪ ‬ﺍﻟﻤﻘﺪﻡ‪ ‬ﺇﻟﻰ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺑﺎﻟﺒﺪء‪ ‬ﻓﻲ‪ ‬ﻧﺸﺮ‪ ‬ﺗﻘﺎﺭﻳﺮ‪ ‬ﺑﺸﺄﻥ‪ ‬ﺍﻻﺳﺘﺪﺍﻣﺔ‪ ‬ﺍﻟﻤﺎﻟﻴﺔ‪ ‬ﻭﺗﻘﺎﺭﻳﺮ‪ ‬ﻓﺼﻠﻴﺔ‬ ‫ﺑﺸﺄﻥ‪ ‬ﺍﻟﺘﻀﺨﻢ‪ ‬ﻭﺍﻟﺴﻴﺎﺳﺔ‪ ‬ﺍﻟﻨﻘﺪﻳﺔ‪ ،‬ﻟﻤﻨﺢ‪ ‬ﺍﻟﻤﺴﺘﺜﻤﺮﻳﻦ‪ ‬ﻣﺰﻳﺪﺍ ً‪ ‬ﻣﻦ‪ ‬ﻭﺿﻮﺡ‪ ‬ﺍﻟﺮﺅﻳﺔ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﻳﻠﺰﻡ‪ ‬ﺍﻻﺗﻔﺎﻕ‪ ‬ﻣﺼﺮ‪ ‬ﺃﻳﻀﺎ ً‪ ‬ﺑﺈﺟﺮﺍء‪ ‬ﺇﺻﻼﺣﺎﺕ‪ ‬ﻫﻴﻜﻠﻴﺔ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻟﻤﺪﻯ‪ ‬ﺍﻟﻄﻮﻳﻞ‪ ‬ﻭﻭﺿﻊ‪ ‬ﻗﻮﺍﻧﻴﻦ‪ ‬ﺟﺪﻳﺪﺓ‪ ‬ﻟﻺﻓﻼﺱ‪ ‬ﻭﻣﻨﺢ‬ ‫ﺍﻟﺘﺮﺍﺧﻴﺺ‪ ‬ﺍﻟﺼﻨﺎﻋﻴﺔ‪ ‬ﻭﺗﺸﺮﻳﻌﺎﺕ‪ ‬ﺃﺧﺮﻯ‪ ،‬ﺗﻬﺪﻑ‪ ‬ﺇﻟﻰ‪ ‬ﺗﻘﻠﻴﺺ‪ ‬ﺍﻟﺮﻭﺗﻴﻦ‪ ‬ﺍﻟﺤﻜﻮﻣﻲ‪ ‬ﻭﺗﺸﺠﻴﻊ‪ ‬ﺍﺳﺘﺜﻤﺎﺭﺍﺕ‪ ‬ﺍﻟﻘﻄﺎﻉ‪ ‬ﺍﻟﺨﺎﺹ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﻣﻦ‪ ‬ﺑﻴﻦ‪ ‬ﺃﺟﺮﺃ‪ ‬ﺗﻠﻚ‪ ‬ﺍﻟﺨﻄﻮﺍﺕ‪ ،‬ﺧﻄﺔ‪ ‬ﺗﻀﻌﻬﺎ‪ ‬ﻣﺼﺮ‪ ‬ﻹﺻﻼﺡ‪ ‬ﻗﻄﺎﻉ‪ ‬ﺍﻟﺒﺘﺮﻭﻝ‪ ‬ﺑﻮﺟﻪ‪ ‬ﻋﺎﻡ‪ ‬ﻭﺍﻟﻬﻴﺌﺔ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‪ ‬ﺍﻟﻌﺎﻣﺔ‬ ‫ﻟﻠﺒﺘﺮﻭﻝ‪ ‬ﺑﺸﻜﻞ‪ ‬ﺧﺎﺹ‪ .‬ﻭﺳﺘﻘﻮﻡ‪ ‬ﻣﺼﺮ‪ ‬ﺑﺎﻻﻧﺘﻬﺎء‪ ‬ﻣﻦ‪ ‬ﺗﻄﻮﻳﺮ‪ ‬ﺍﻟﺨﻄﺔ‪ ‬ﺑﻨﻬﺎﻳﺔ‪ ‬ﻣﺎﺭﺱ‪ ‬ﺍﻟﻤﻘﺒﻞ‪ .‬‬ ‫‪2/5‬‬

‫‪http://www.katebmustaqel.com/2017/01/2017egypteconomy.html‬‬

‫ﺗﻘﺭﻳﺭ‪ ‬ﺻﻧﺩﻭﻕ‪ ‬ﺍﻟﻧﻘﺩ‪ ‬ﺍﻟﺩﻭﻟﻲ‪ ‬ﻋﻥ‪ ‬ﻣﺻﺭ‪... ‬ﻣﺎ‪ ‬ﻫﻲ‪ ‬ﺍﻟﺩﻭﻝ‪ ‬ﺍﻟﺩﺍﻋﻣﺔ‪ ‬ﻟﻣﺻﺭ‪ ‬ﻭﻣﺳﺎﺭ‪ ‬ﺑﺭﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻹﻗﺗﺻﺎﺩﻱ‪ ‬ﺍﻟﻣﺻﺭﻱ‪ ‬ﻭﺗﻭﻗﻌﺎﺕ‪ ‬ﺍﻟﺻﻧﺩﻭﻕ‪ ‬ﻟﻌﺎﻡ‪2017 ‬‬

‫‪5/14/2017‬‬

‫‪ ‬‬ ‫ﻭﻣﻦ‪ ‬ﺍﻟﻤﻘﺮﺭ‪ ‬ﺃﻥ‪ ‬ﺗﺴﺪﺩ‪ ‬ﺍﻟﻬﻴﺌﺔ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‪ ‬ﺍﻟﻌﺎﻣﺔ‪ ‬ﻟﻠﺒﺘﺮﻭﻝ‪ ‬ﻣﺴﺘﺤﻘﺎﺕ‪ ‬ﻣﺘﺄﺧﺮﺓ‪ ‬ﺑﻨﺤﻮ‪ 3.6 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻟﺸﺮﻛﺎﺕ‪ ‬ﺍﻟﻨﻔﻂ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‪ ،‬ﻣﻊ‪ ‬ﺍﻟﻌﻤﻞ‪ ‬ﻋﻠﻰ‪ ‬ﻋﺪﻡ‪ ‬ﺗﺮﺍﻛﻢ‪ ‬ﻣﺴﺘﺤﻘﺎﺕ‪ ‬ﺟﺪﻳﺪﺓ‪ ‬ﻋﻠﻴﻬﺎ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﻳﺸﻴﺮ‪ ‬ﺍﻟﺘﻘﺮﻳﺮ‪ ‬ﺇﻟﻰ‪ ‬ﺃﻥ‪ ‬ﻣﻦ‪ ‬ﺍﻟﻤﺘﻮﻗﻊ‪ ‬ﺃﻥ‪ ‬ﺗﺨﻔﺾ‪ ‬ﺍﻹﺟﺮﺍءﺍﺕ‪ ‬ﺍﻟﺤﻜﻮﻣﻴﺔ‪ ‬ﺍﻟﺪﻳﻦ‪ ‬ﺍﻟﻌﺎﻡ‪ ‬ﻣﻦ‪ ‬ﻧﺤﻮ‪ 95 ‬ﻓﻲ‪ ‬ﺍﻟﻤﺌﺔ‪ ‬ﻣﻦ‪ ‬ﺍﻟﻨﺎﺗﺞ‬ ‫ﺍﻟﻤﺤﻠﻲ‪ ‬ﺍﻹﺟﻤﺎﻟﻲ‪ ‬ﻓﻲ‪ ‬ﺍﻟﺴﻨﺔ‪ ‬ﺍﻟﻤﺎﻟﻴﺔ‪ 2016­2015 ‬ﺇﻟﻰ‪ ‬ﻧﺤﻮ‪ 86 ‬ﻓﻲ‪ ‬ﺍﻟﻤﺌﺔ‪ ‬ﺑﺤﻠﻮﻝ‪ ‬ﺍﻟﺴﻨﺔ‪ ‬ﺍﻟﻤﺎﻟﻴﺔ‪ 2019­2018 ‬ﻭ‪78‬‬ ‫ﻓﻲ‪ ‬ﺍﻟﻤﺌﺔ‪ ‬ﺑﺤﻠﻮﻝ‪ .2012­2020 ‬‬ ‫‪ ‬‬ ‫ﻭﻣﻦ‪ ‬ﺍﻟﻤﺘﻮﻗﻊ‪ ‬ﺃﻥ‪ ‬ﻳﻈﻞ‪ ‬ﻧﻤﻮ‪ ‬ﺍﻟﻨﺎﺗﺞ‪ ‬ﺍﻟﻤﺤﻠﻲ‪ ‬ﺍﻹﺟﻤﺎﻟﻲ‪ ‬ﻣﺴﺘﻘﺮﺍ ً‪ ‬ﻋﻨﺪ‪ ‬ﻧﺤﻮ‪ ‬ﺃﺭﺑﻌﺔ‪ ‬ﻓﻲ‪ ‬ﺍﻟﻤﺌﺔ‪ ‬ﻓﻲ‪ ‬ﺍﻟﺴﻨﺔ‪ ‬ﺍﻟﻤﺎﻟﻴﺔ‪ ‬ﺍﻟﺤﺎﻟﻴﺔ‪ ،‬ﻓﻲ‬ ‫ﺍﻟﻮﻗﺖ‪ ‬ﺍﻟﺬﻱ‪ ‬ﻳﻜﺒﺢ‪ ‬ﻓﻴﻪ‪ ‬ﺍﺭﺗﻔﺎﻉ‪ ‬ﺃﺳﻌﺎﺭ‪ ‬ﺍﻟﻔﺎﺋﺪﺓ‪ ‬ﻭﺇﺟﺮﺍءﺍﺕ‪ ‬ﺍﻟﺘﻘﺸﻒ‪ ‬ﺍﻟﺤﻜﻮﻣﻴﺔ‪ ‬ﻭﺍﻟﺘﻀﺨﻢ‪ ‬ﻧﺸﺎﻁ‪ ‬ﺍﻷﻋﻤﺎﻝ‪.‬‬

‫‪ ‬ﺿﺮﻳﺒﺔ‪ ‬ﺍﻷﺭﺑﺎﺡ‪ ‬ﺍﻟﺮﺃﺳﻤﺎﻟﻴﺔ‪ ‬ﻋﻠﻰ‪ ‬ﻣﻌﺎﻣﻼﺕ‪ ‬ﺍﻟﺒﻮﺭﺻﺔ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‬ ‫ﻭﻗﺎﻝ‪ ‬ﺍﻟﺘﻘﺮﻳﺮ‪ ‬ﺇﻥ‪ ‬ﻣﻦ‪ ‬ﺍﻟﻤﺘﻮﻗﻊ‪ ‬ﺃﻥ‪ ‬ﻳﺮﺗﻔﻊ‪ ‬ﺍﻟﻨﻤﻮ‪ ‬ﺇﻟﻰ‪ ‬ﻣﺎ‪ ‬ﺑﻴﻦ‪ ‬ﺧﻤﺴﺔ‪ ‬ﻭﺳﺘﺔ‪ ‬ﻓﻲ‪ ‬ﺍﻟﻤﺌﺔ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻟﻤﺪﻯ‪ ‬ﺍﻟﻤﺘﻮﺳﻂ‪ .‬ﻭﺃﺿﺎﻑ‪ ‬ﺃﻥ‬ ‫ﻣﺼﺮ‪ ‬ﺳﺘﻄﺒﻖ‪ ‬ﺿﺮﻳﺒﺔ‪ ‬ﺍﻷﺭﺑﺎﺡ‪ ‬ﺍﻟﺮﺃﺳﻤﺎﻟﻴﺔ‪ ‬ﻋﻠﻰ‪ ‬ﻣﻌﺎﻣﻼﺕ‪ ‬ﺍﻟﺒﻮﺭﺻﺔ‪ ‬ﻓﻲ‪ ‬ﻣﻮﻋﺪ‪ ‬ﻻ‪ ‬ﻳﺘﺠﺎﻭﺯ‪ ‬ﺍﻟﺴﻨﺔ‪ ‬ﺍﻟﻤﺎﻟﻴﺔ‪,2018­2017 ‬‬ ‫ﺣﺴﺐ‪ ‬ﺳﻜﺎﻱ‪ ‬ﻧﻴﻮﺯ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﻗﺮﺽ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻲ‪ ‬ﺍﻟﺒﺎﻟﻎ‪ ‬ﻗﻴﻤﺘﻪ‪ 12 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﺟﺰء‪ ‬ﻣﻦ‪ ‬ﺣﺰﻣﺔ‪ ‬ﺗﻤﻮﻳﻞ‪ ‬ﺃﻛﺒﺮ‪ ‬ﺗﺤﺼﻞ‪ ‬ﻋﻠﻴﻬﺎ‪ ‬ﻣﺼﺮ‪ ‬ﺍﻟﺘﻲ‬ ‫ﺗﻘﺪﺭ‪ ‬ﺍﺣﺘﻴﺎﺟﺎﺗﻬﺎ‪ ‬ﺑﻨﺤﻮ‪ 35 ‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‪ ‬ﻋﻠﻰ‪ ‬ﻣﺪﻯ‪ ‬ﺛﻼﺙ‪ ‬ﺳﻨﻮﺍﺕ‪ .‬‬ ‫‪ ‬‬ ‫ﻭﻗﺎﻝ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺇﻥ‪ ‬ﺍﻟﺒﺮﻧﺎﻣﺞ‪ ‬ﻣﻤﻮﻝ‪ ‬ﺑﺎﻟﻜﺎﻣﻞ‪ ‬ﻟﻠﺴﻨﺔ‪ ‬ﺍﻷﻭﻟﻰ‪ ،‬ﻟﻜﻦ‪ ‬ﻫﻨﺎﻙ‪ ‬ﺣﺎﺟﺔ‪ ‬ﺇﻟﻰ‪ ‬ﺗﻤﻮﻳﻞ‪ ‬ﺇﺿﺎﻓﻲ‪ ‬ﻟﻠﻌﺎﻣﻴﻦ‪ ‬ﺍﻟﺘﺎﻟﻴﻴﻦ‪.‬‬ ‫ﻭﺃﻛﺪ‪ ‬ﺍﻟﺘﻘﺮﻳﺮ‪ ‬ﺃﻥ‪ ‬ﺍﻟﺼﻴﻦ‪ ‬ﻭﺍﻹﻣﺎﺭﺍﺕ‪ ‬ﻭﺃﻟﻤﺎﻧﻴﺎ‪ ‬ﻭﺑﺮﻳﻄﺎﻧﻴﺎ‪ ‬ﻭﻓﺮﻧﺴﺎ‪ ‬ﻭﺍﻟﻴﺎﺑﺎﻥ‪ ‬ﺳﺎﻫﻤﻮﺍ‪ ‬ﺟﻤﻴﻌﺎ ً‪ ‬ﻓﻲ‪ ‬ﺍﻟﺘﻤﻮﻳﻞ‪ ‬ﺑﺄﺷﻜﺎﻝ‪ ‬ﻣﺘﻨﻮﻋﺔ‪.‬‬ ‫‪ ‬‬ ‫‪ ‬‬

‫‪ ‬ﺍﻟﺑﻭﺭﺻﺔ‪ :‬ﺍﻟﻣﺎﻟﻳﺔ‪ ‬ﺑﺻﺩﺩ‪ ‬ﺍﺗﺧﺎﺫ‪ ‬ﺇﺟﺭﺍءﺍﺕ‪ ‬ﺗﺄﺟﻳﻝ‪ ‬ﺿﺭﻳﺑﺔ‪ ‬ﺍﻷﺭﺑﺎﺡ‪ ‬ﺍﻟﺭﺃﺳﻣﺎﻟﻳﺔ‪ 3 ‬ﺳﻧﻭﺍﺕ‪ " ‬ﺗﺣﺩﻳﺙ"‬ ‫ﻗﺎﻟﺕ‪ ‬ﺇﺩﺍﺭﺓ‪ ‬ﺍﻟﺑﻭﺭﺻﺔ‪ ‬ﺍﻟﻣﺻﺭﻳﺔ‪ ،‬ﺇﻧﻪ‪ ‬ﺑﺎﻟﻧﺳﺑﺔ‪ ‬ﻟﺿﺭﻳﺑﺔ‪ ‬ﺍﻷﺭﺑﺎﺡ‪ ‬ﺍﻟﺭﺃﺳﻣﺎﻟﻳﺔ‪ ‬ﻋﻠﻰ‪ ‬ﻧﺎﺗﺞ‪ ‬ﺍﻟﺗﻌﺎﻣﻼﺕ‪ ‬ﺑﺎﻟﺑﻭﺭﺻﺔ‪ ‬ﺍﻟﻣﺻﺭﻳﺔ‬ ‫ﻭﺑﻌﺩ‪ ‬ﺍﻹﺗﺻﺎﻝ‪ ‬ﺑﺎﻟﺟﻬﺎﺕ‪ ‬ﺫﺍﺕ‪ ‬ﺍﻟﻌﻼﻗﺔ‪ ،‬ﺗﺅﻛﺩ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻻﻟﺗﺯﺍﻡ‪ ‬ﺑﻘﺭﺍﺭﺍﺕ‪ ‬ﺍﻟﻣﺟﻠﺱ‪ ‬ﺍﻷﻋﻠﻰ‪ ‬ﻟﻼﺳﺗﺛﻣﺎﺭ‪ ‬ﺑﺗﺄﺟﻳﻝ‪ ‬ﺍﻟﺿﺭﻳﺑﺔ‪ ‬ﻟﻣﺩﺓ‬ ‫‪ 3‬ﺳﻧﻭﺍﺕ‪.‬‬ ‫ﻭﺃﺿﺎﻓﺕ‪ ‬ﺍﻟﺑﻭﺭﺻﺔ‪ ،‬ﺃﻥ‪ ‬ﻭﺯﺍﺭﺓ‪ ‬ﺍﻟﻣﺎﻟﻳﺔ‪ ‬ﺑﺻﺩﺩ‪ ‬ﺍﺗﺧﺎﺫ‪ ‬ﺍﻹﺟﺭﺍءﺍﺕ‪ ‬ﺍﻟﺗﺷﺭﻳﻌﻳﺔ‪ ‬ﺍﻟﻼﺯﻣﺔ‪ ‬ﻟﺗﻔﻌﻳﻝ‪ ‬ﺍﻟﻘﺭﺍﺭ‪ ‬ﺍﻟﺳﺎﺑﻖ‪ ،‬ﻭﺳﻭﻑ‬ ‫ﻳﺻﺩﺭ‪ ‬ﺑﻳﺎﻥ‪ ‬ﻣﻥ‪ ‬ﺍﻟﻭﺯﺍﺭﺓ‪ ‬ﺑﺷﺄﻥ‪ ‬ﺫﻟﻙ‪ ،‬ﻭﺳﻳﺗﻡ‪ ‬ﻧﺷﺭﻩ‪ ‬ﻋﻠﻰ‪ ‬ﺷﺎﺷﺎﺕ‪ ‬ﺍﻟﺗﺩﺍﻭﻝ‪ ‬ﺑﺎﻟﺑﻭﺭﺻﺔ‪ ‬ﻓﻭﺭ‪ ‬ﺇﺻﺩﺍﺭﻩ‪.‬‬ ‫‪ ‬‬ ‫ﻭﻫﻧﺎ‪ ‬ﺭﺩﺕ‪ ‬ﺇﺩﺍﺭﺓ‪ ‬ﺍﻟﺑﻭﺭﺻﺔ‪ ‬ﻋﻠﻰ‪ ‬ﺗﻘﺭﻳﺭ‪ ‬ﺻﻧﺩﻭﻕ‪ ‬ﺍﻟﻧﻘﺩ‪ ‬ﺍﻟﺩﻭﻟﻲ‪ ‬ﺍﻟﺫﻱ‪ ‬ﺫﻛﺭ‪ ‬ﺑﺄﻥ‪ ‬ﺍﻟﺣﻛﻭﻣﺔ‪ ‬ﺗﻌﻬﺩﺕ‪ ‬ﺑﻔﺭﺽ‪ ‬ﺍﻟﺿﺭﻳﺑﺔ‬ ‫ﺍﻟﺭﺃﺳﻣﺎﻟﻳﺔ‪ ‬ﻋﻠﻲ‪ ‬ﻋﻣﻠﻳﺎﺕ‪ ‬ﺍﻟﺑﻭﺭﺻﺔ‪ ‬ﺍﻟﻣﺻﺭﻳﺔ‪.‬‬ ‫‪ ‬‬

‫‪ ‬ﻣﺮﻛﺰ‪ ‬ﻣﻌﻠﻮﻣﺎﺕ‪ ‬ﻣﺠﻠﺲ‪ ‬ﺍﻟﻮﺯﺭﺍء‪ :‬ﺗﻮﻗﻌﺎﺕ‪ ‬ﺑﺘﺮﺍﺟﻊ‪ ‬ﺗﺪﺭﻳﺠﻰ‪ ‬ﻟﻠﺪﻭﻻﺭ‪ ‬ﺃﻣﺎﻡ‪ ‬ﺍﻟﺠﻨﻴﻪ‪ ‬ﺍﻟﻌﺎﻡ‪ ‬ﺍﻟﺤﺎﻟﻰ‪ ‬ﻟﻌﺪﺓ‬ ‫ﻋﻮﺍﻣﻞ‪ ‬‬ ‫ﻭﻣﻦ‪ ‬ﺟﺎﻧﺒﻪ‪ ‬ﺃﻋﻠﻦ‪ ‬ﻣﺮﻛﺰ‪ ‬ﺍﻟﻤﻌﻠﻮﻣﺎﺕ‪ ‬ﻭﺩﻋﻢ‪ ‬ﺍﺗﺨﺎﺫ‪ ‬ﺍﻟﻘﺮﺍﺭ‪ ‬ﺍﻟﺘﺎﺑﻊ‪ ‬ﻟﻤﺠﻠﺲ‪ ‬ﺍﻟﻮﺯﺭﺍء‪ ‬ﻋﻦ‪ ‬ﺗﻮﻗﻌﺎﺕ‪ ‬ﺑﺘﺮﺍﺟﻊ‪ ‬ﺗﺪﺭﻳﺠﻰ‪ ‬ﻟﻘﻴﻤﺔ‬ ‫ﺍﻟﺪﻭﻻﺭ‪ ‬ﺃﻣﺎﻡ‪ ‬ﺍﻟﺠﻨﻴﻪ‪ ،‬ﺧﻼﻝ‪ ‬ﻋﺎﻡ‪ 2017 ‬ﻟﻌﺪﺓ‪ ‬ﻋﻮﺍﻣﻞ‪ ‬ﻣﻦ‪ ‬ﺑﻴﻨﻬﺎ‪ ‬ﺍﺭﺗﻔﺎﻉ‪ ‬ﻣﻌﺪﻝ‪ ‬ﻧﻤﻮ‪ ‬ﺍﻻﻗﺘﺼﺎﺩ‪ ‬ﺍﻟﻌﺎﻟﻤﻰ‪ ‬ﻭﺍﻟﺬﻯ‪ ‬ﻣﻦ‪ ‬ﺷﺄﻧﻪ‬ ‫ﻳﺆﺛﺮ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻻﺳﺘﺜﻤﺎﺭﺍﺕ‪ ‬ﺍﻷﺟﻨﺒﻴﺔ‪ ‬ﺍﻟﻤﺘﺪﻓﻘﺔ‪ ‬ﺇﻟﻰ‪ ‬ﻣﺼﺮ‪ ،‬ﻭﺍﺭﺗﻔﺎﻉ‪ ‬ﻣﻌﺪﻝ‪ ‬ﻧﻤﻮ‪ ‬ﺍﻟﺘﺠﺎﺭﺓ‪ ‬ﺍﻟﻌﺎﻟﻤﻴﺔ‪ ‬ﻭﺍﻟﺬﻯ‪ ‬ﺳﻴﺆﺛﺮ‪ ‬ﺇﻳﺠﺎﺑﻴًﺎ‪ ‬ﻋﻠﻰ‬ ‫ﺇﻳﺮﺍﺩﺍﺕ‪ ‬ﻗﻨﺎﺓ‪ ‬ﺍﻟﺴﻮﻳﺲ‪ ،‬ﻭﺍﺭﺗﻔﺎﻉ‪ ‬ﻗﻴﻤﺔ‪ ‬ﺍﻟﺼﺎﺩﺭﺍﺕ‪ ‬ﺍﻟﺴﻠﻌﻴﺔ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‪ ،‬ﻭﺍﻧﺨﻔﺎﺽ‪ ‬ﺍﻟﻮﺍﺭﺩﺍﺕ‪ ‬ﺍﻟﺴﻠﻌﻴﺔ‪ ،‬ﻭﺑﺎﻟﺘﺎﻟﻰ‪ ‬ﺍﻧﺨﻔﺎﺽ‬ ‫ﻓﺠﻮﺓ‪ ‬ﺍﻟﻤﻮﺍﺭﺩ‪ ‬ﺍﻟﻤﺤﻠﻴﺔ‪.‬‬ ‫ﻭﺗﺘﻀﻤﻦ‪ ‬ﺍﻟﺘﻮﻗﻌﺎﺕ‪ ‬ﻋﻮﺩﺓ‪ ‬ﺍﻟﺴﻴﺎﺣﺔ‪ ‬ﺇﻟﻰ‪ ‬ﻣﻌﺪﻻﺗﻬﺎ‪ ‬ﺍﻟﺘﻰ‪ ‬ﻛﺎﻧﺖ‪ ‬ﻋﻠﻴﻬﺎ‪ ‬ﻓﻰ‪ 2010 ‬ﻣﻦ‪ ‬ﺧﻼﻝ‪ ‬ﺍﺳﺘﻬﺪﺍﻑ‪ 10 ‬ﻣﻼﻳﻴﻦ‪ ‬ﺳﺎﺋﺢ‬ ‫ﺧﻼﻝ‪ ‬ﻋﺎﻡ‪ 2017 ‬ﻣﻤﺎ‪ ‬ﺳﻴﺆﺛﺮ‪ ‬ﺇﻳﺠﺎﺑﻴًﺎ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻹﻳﺮﺍﺩﺍﺕ‪ ‬ﺍﻟﺴﻴﺎﺣﻴﺔ‪.‬‬ ‫ﻭﺃﺷﺎﺭ‪ ‬ﻣﺮﻛﺰ‪ ‬ﺍﻟﻤﻌﻠﻮﻣﺎﺕ‪ ‬ﻓﻰ‪ ‬ﺗﺤﻠﻴﻠﻪ‪ ‬ﻋﻦ‪ ‬ﺗﻮﻗﻌﺎﺕ‪ ‬ﺍﻧﺨﻔﺎﺽ‪ ‬ﺳﻌﺮ‪ ‬ﺍﻟﺼﺮﻑ‪ ‬ﻣﻘﺎﺑﻞ‪ ‬ﺍﻟﺠﻨﻴﻪ‪ ‬ﺇﻟﻰ‪ ‬ﺑﺪء‪ ‬ﺇﻧﺘﺎﺝ‪ ‬ﺍﻟﻐﺎﺯ‪ ‬ﺍﻟﻄﺒﻴﻌﻰ‬ ‫ﻣﻦ‪ ‬ﺍﻟﺒﺤﺮ‪ ‬ﺍﻟﻤﺘﻮﺳﻂ‪ ،‬ﻛﺎﺷﻔًﺎ‪ ‬ﻓﻰ‪ ‬ﺗﺤﻠﻴﻠﻪ‪ ‬ﻋﻦ‪ ‬ﺑﻌﺾ‪ ‬ﺍﻵﺛﺎﺭ‪ ‬ﺍﻟﺴﻠﺒﻴﺔ‪ ‬ﺍﻟﺘﻰ‪ ‬ﻳﻤﻜﻦ‪ ‬ﺃﻥ‪ ‬ﺗﺤﺪﺙ‪ ‬ﻣﻘﺎﺑﻞ‪ ‬ﺍﻟﺘﺮﺍﺟﻊ‪ ‬ﺍﻟﺘﺪﺭﻳﺠﻰ‪ ‬ﺑﻘﻴﻤﻪ‬ ‫ﺍﻟﺪﻭﻻﺭ‪ ‬ﺃﻣﺎﻡ‪ ‬ﺍﻟﺠﻨﻴﻪ‪ ‬ﺍﻟﻤﺼﺮﻯ‪ ‬ﺧﻼﻝ‪ ‬ﺍﻟﻌﺎﻡ‪ ‬ﺍﻟﺤﺎﻟﻰ‪ ‬ﻣﻦ‪ ‬ﺑﻴﻨﻬﺎ‪ ‬ﺍﺭﺗﻔﺎﻉ‪ ‬ﺃﺳﻌﺎﺭ‪ ‬ﺍﻟﻤﺤﺮﻭﻗﺎﺕ‪ ‬ﻧﺘﻴﺠﺔ‪ ‬ﺍﻧﺨﻔﺎﺽ‪ ‬ﺇﻧﺘﺎﺝ‪ ‬ﺍﻟﻨﻔﻂ‪،‬‬ ‫ﻭﺑﺎﻟﺘﺎﻟﻰ‪ ‬ﺍﺭﺗﻔﺎﻉ‪ ‬ﺃﺳﻌﺎﺭ‪ ‬ﺍﻟﻨﻔﻂ‪ ‬ﻋﺎﻟﻤﻴﺎ ً‪ ،‬ﻭﺍﺭﺗﻔﺎﻉ‪ ‬ﻣﻌﺪﻻﺕ‪ ‬ﺍﻟﺘﻀﺨﻢ‪ ‬ﻧﺘﻴﺠﺔ‪ ‬ﺗﻨﻔﻴﺬ‪ ‬ﺍﻟﻤﺮﺣﻠﺔ‪ ‬ﺍﻟﺜﺎﻧﻴﺔ‪ ‬ﻣﻦ‪ ‬ﻗﺎﻧﻮﻥ‪ ‬ﺍﻟﻘﻴﻤﻪ‬ ‫ﺍﻟﻤﻀﺎﻓﺔ‪ ،‬ﻭﺯﻳﺎﺩﺓ‪ ‬ﺣﺠﻢ‪ ‬ﺍﻟﻘﺮﻭﺽ‪ ‬ﻣﻤﺎ‪ ‬ﺳﻴﻮﻓﺮ‪ ‬ﻋﻠﻰ‪ ‬ﺯﻳﺎﺩﺓ‪ ‬ﺻﺎﻓﻰ‪ ‬ﺍﻹﺣﺘﻴﺎﻁﺎﺕ‪ ‬ﺍﻟﺪﻭﻟﻴﺔ‪ ،‬ﻣﺘﻮﻗﻌًﺎ‪ ‬ﺑﺎﻧﺨﻔﺎﺽ‪ ‬ﺃﺳﻌﺎﺭ‪ ‬ﺍﻟﻔﺎﺋﺪﺓ‬ ‫ﻓﻰ‪ ‬ﺍﻟﺒﻨﻮﻙ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‪ ‬ﻣﻘﺎﺑﻞ‪ ‬ﺍﺭﺗﻔﺎﻉ‪ ‬ﺃﺳﻌﺎﺭ‪ ‬ﺍﻟﻔﺎﺋﺪﺓ‪ ‬ﻋﺎﻟﻤﻴﺎ ً‪ ‬ﻋﻠﻰ‪ ‬ﺍﻟﺪﻭﻻﺭ‪ ‬ﺍﻷﻣﺮﻳﻜﻰ‪.‬‬ ‫‪3/5‬‬

‫‪http://www.katebmustaqel.com/2017/01/2017egypteconomy.html‬‬

‫ﺗﻘﺭﻳﺭ‪ ‬ﺻﻧﺩﻭﻕ‪ ‬ﺍﻟﻧﻘﺩ‪ ‬ﺍﻟﺩﻭﻟﻲ‪ ‬ﻋﻥ‪ ‬ﻣﺻﺭ‪... ‬ﻣﺎ‪ ‬ﻫﻲ‪ ‬ﺍﻟﺩﻭﻝ‪ ‬ﺍﻟﺩﺍﻋﻣﺔ‪ ‬ﻟﻣﺻﺭ‪ ‬ﻭﻣﺳﺎﺭ‪ ‬ﺑﺭﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻹﻗﺗﺻﺎﺩﻱ‪ ‬ﺍﻟﻣﺻﺭﻱ‪ ‬ﻭﺗﻭﻗﻌﺎﺕ‪ ‬ﺍﻟﺻﻧﺩﻭﻕ‪ ‬ﻟﻌﺎﻡ‪2017 ‬‬

‫‪5/14/2017‬‬

‫‪ ‬ﻣﺎ‪ ‬ﻫﻲ‪ ‬ﺃﺑﺮﺯ‪ ‬ﺳﻠﺒﻴﺎﺕ‪ ‬ﺍﺗﻔﺎﻕ‪ ‬ﻗﺮﺽ‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻲ‪ ‬ﻟﻤﺼﺮ؟‬ ‫ﺍﺭﺗﻔﺎﻉ‪ ‬ﺍﻟﺘﻀﺨﻢ‪ ‬ﺑﻤﻌﺪﻻﺕ‪ ‬ﻣﺮﺗﻔﻌﺔ‪ ‬ﻟﻠﻐﺎﻳﺔ‪ ‬ﺇﺛﺮ‪ ‬ﺗﻌﻮﻳﻢ‪ ‬ﺍﻟﻌﻤﻠﺔ‪ ‬ﺍﻟﻤﺤﻠﻴﺔ‪ ‬ﻭﺗﺮﺍﺟﻊ‪ ‬ﻗﻮﺗﻬﺎ‪ ‬ﺍﻟﺸﺮﺍﺋﻴﺔ‪ ،‬ﺑﺎﻟﺘﺰﺍﻣﻦ‪ ‬ﻣﻊ‪ ‬ﺗﺨﻔﻴﺾ‬ ‫ﺩﻋﻢ‪ ‬ﺍﻟﻮﻗﻮﺩ‪ ‬ﻭﺍﻟﺴﻠﻊ‪ ‬ﺍﻟﺘﻤﻮﻳﻨﻴﺔ‪ ،‬ﻛﻤﺎ‪ ‬ﺃﻥ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﺑﺪﺃﺕ‪ ‬ﺗﻄﺒﻴﻖ‪ ‬ﺿﺮﻳﺒﺔ‪ ‬ﺍﻟﻘﻴﻤﺔ‪ ‬ﺍﻟﻤﻀﺎﻓﺔ‪ ‬ﺑﻔﺘﺮﺓ‪ ‬ﻭﺟﻴﺰﺓ‪ ‬ﻗﺒﻞ‪ ‬ﺗﺤﺮﻳﺮ‪ ‬ﺳﻌﺮ‬ ‫ﺍﻟﺼﺮﻑ‪ ،‬ﻭﺗﻌﺪ‪ ‬ﺍﻟﻄﺒﻘﺎﺕ‪ ‬ﺍﻟﻔﻘﻴﺮﺓ‪ ‬ﻭﺍﻟﻤﺘﻮﺳﻄﺔ‪ ‬ﺍﻟﻤﺘﻀﺮﺭ‪ ‬ﺍﻷﻛﺒﺮ‪ ‬ﻣﻦ‪ ‬ﺗﻠﻚ‪ ‬ﺍﻹﺻﻼﺣﺎﺕ‪ ،‬ﻟﻜﻦ‪ ‬ﺍﻟﺪﻭﻟﺔ‪ ‬ﺗﺴﻌﻰ‪ ‬ﻟﻠﺘﻮﺳﻊ‪ ‬ﻓﻰ‬ ‫ﺍﻟﺪﻋﻢ‪ ‬ﺍﻟﻨﻘﺪﻯ‪ ‬ﻭﺑﺮﺍﻣﺞ‪ ‬ﺍﻟﺤﻤﺎﻳﺔ‪ ‬ﺍﻹﺟﺘﻤﺎﻋﻴﺔ‪ ‬ﻟﺤﻤﺎﻳﺘﻬﻢ‪ ‬ﻣﻦ‪ ‬ﺍﻟﺼﺪﻣﺎﺕ‪ ‬ﺍﻻﻗﺘﺼﺎﺩﻳﺔ‪ ‬ﺍﻟﻤﺘﺘﺎﻟﻴﺔ‪.‬‬ ‫‪ ‬ﻭﻣﻦ‪ ‬ﺍﻟﺴﻠﺒﻴﺎﺕ‪ ‬ﺃﻳﻀﺎ‪ ‬ﺗﺒﺎﻁﺆ‪ ‬ﺍﻟﻨﻤﻮ‪ ‬ﺍﻻﻗﺘﺼﺎﺩﻯ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻟﻤﺪﻯ‪ ‬ﺍﻟﻘﺼﻴﺮ‪ ‬ﻧﺘﻴﺠﺔ‪ ‬ﺗﺮﺍﺟﻊ‪ ‬ﺍﻹﺳﺘﻬﻼﻙ‪ ‬ﺍﻟﺨﺎﺹ‪ ‬ﺑﺴﺒﺐ‪ ‬ﺗﺪﻫﻮﺭ‬ ‫ﻗﻴﻤﺔ‪ ‬ﺍﻟﻌﻤﻠﺔ‪ ‬ﺍﻟﻤﺤﻠﻴﺔ‪.‬‬

‫‪ ‬ﻣﺎ‪ ‬ﻫﻰ‪ ‬ﺃﺑﺮﺯ‪ ‬ﺇﻳﺠﺎﺑﻴﺎﺕ‪ ‬ﺍﻻﻗﺘﺮﺍﺽ‪ ‬ﻣﻦ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ؟‬ ‫‪ ‬ﺗﻌﺪ‪ ‬ﻣﻮﺍﻓﻘﺔ‪ ‬ﺍﻟﺼﻨﺪﻭﻕ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻟﻘﺮﺽ‪ ‬ﺷﻬﺎﺩﺓ‪ ‬ﺛﻘﺔ‪ ‬ﻓﻰ‪ ‬ﺍﻻﻗﺘﺼﺎﺩ‪ ‬ﻣﻤﺎ‪ ‬ﻳﻌﺰﺯ‪ ‬ﺛﻘﺔ‪ ‬ﺍﻟﻤﺴﺘﺜﻤﺮﻳﻦ‪ ‬ﻭﻣﺆﺳﺴﺎﺕ‪ ‬ﺍﻟﺘﺼﻨﻴﻒ‬ ‫ﺍﻻﺋﺘﻤﺎﻧﻰ‪ ‬ﻓﻰ‪ ‬ﺍﻟﺴﻮﻕ‪ ‬ﺍﻟﻤﺤﻠﻰ‪ ‬ﺑﻌﺪ‪ ‬ﺃﻥ‪ ‬ﺍﻫﺘﺰﺕ‪ ‬ﺧﻼﻝ‪ ‬ﺍﻟﺴﻨﻮﺍﺕ‪ ‬ﺍﻟﻤﺎﺿﻴﺔ‪ ‬ﻣﻦ‪ ‬ﺟﺮﺍء‪ ‬ﺍﻻﺿﻄﺮﺍﺑﺎﺕ‪ ‬ﺍﻟﺴﻴﺎﺳﻴﺔ‪ ‬ﻭﺍﻷﻣﻨﻴﺔ‪ ‬ﺑﻌﺪ‬ ‫ﺛﻮﺭﺓ‪ 25 ‬ﻳﻨﺎﻳﺮ‪ ،‬ﺛﻢ‪ ‬ﺍﻟﻘﻴﻮﺩ‪ ‬ﺍﻟﺘﻰ‪ ‬ﻓﺮﺿﺖ‪ ‬ﻋﻠﻰ‪ ‬ﺣﺮﻛﺔ‪ ‬ﺭﺃﺱ‪ ‬ﺍﻟﻤﺎﻝ‪ ‬ﺍﻷﺟﻨﺒﻰ‪ ‬ﻭﺃﺯﻣﺔ‪ ‬ﻧﻘﺺ‪ ‬ﺍﻟﻌﻤﻠﺔ‪ ‬ﺍﻷﺟﻨﺒﻴﺔ‪ ‬ﺍﻟﻄﺎﺣﻨﺔ‪ ‬ﻭﺳﻂ‬ ‫ﻣﻀﺎﺭﺑﺎﺕ‪ ‬ﻋﻨﻴﻔﺔ‪ ‬ﻋﻠﻰ‪ ‬ﺍﻟﺪﻭﻻﺭ‪ ‬ﺑﺎﻟﺴﻮﻕ‪ ‬ﺍﻟﻤﻮﺍﺯﻳﺔ‪.‬‬ ‫ﺃﻳﻀﺎ ً‪ ‬ﺗﻤﻮﻳﻞ‪ ‬ﺑﺮﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻹﻗﺘﺼﺎﺩﻱ‪ ‬ﺍﻟﺘﻲ‪ ‬ﺗﺘﺒﻨﺎﻩ‪ ‬ﺍﻟﺤﻜﻮﻣﺔ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‪ ‬ﻭﺗﻮﻓﻴﺮ‪ ‬ﻣﺼﺪﺭ‪ ‬ﺟﺪﻳﺪ‪ ‬ﻟﻠﺘﻤﻮﻳﻞ‪. ‬‬ ‫‪ ‬‬ ‫ﺍﻟﻤﺼﺪﺭ‪ /‬ﻭﻛﺎﻻﺕ‬ ‫ﺍﻟﺘﺼﻨﻴﻔﺎﺕ‪ ‬ﺍﻹﻗﺘﺼﺎﺩ |‪ ‬ﺍﻟﺪﻋﻢ |‪ ‬ﺍﻟﻀﺮﻳﺒﺔ‪ ‬ﺍﻟﻤﻀﺎﻓﺔ |‪ ‬ﺻﻨﺪﻭﻕ‪ ‬ﺍﻟﻨﻘﺪ‪ ‬ﺍﻟﺪﻭﻟﻲ |‪ ‬ﻗﺮﺽ‪ ‬ﻣﺼﺮ‬

‫ﻫﻞ‪ ‬ﺃﻋﺠﺒﻚ‪ ‬ﺍﻟﻤﻮﺿﻮﻉ‪ ‬؟‬ ‫ﻓﻴﺴﺒﻮﻙ‬

‫ﺗﻮﻳﺘﺮ‬

‫ﺟﻮﺟﻞ ﺑﻠﺲ‬

‫ﻧﺒﺬﺓ‪ ‬ﻋﻦ‪ ‬ﺍﻟﻜﺎﺗﺐ‬ ‫ﻣﺤﺎﺳﺐ‪ ‬ﻣﺎﻟﻲ‪ ‬ﻭﺇﺩﺍﺭﻱ‪ ‬ﻭ‪ ‬ﻛﺎﺗﺐ‪ ‬ﻣﻘﺎﻻﺕ‪ ‬ﺍﻟﺮﺃﻱ‪ ‬ﻓﻲ‪ ‬ﺍﻟﺼﺤﻒ‪ ‬ﻭﺍﻟﻤﻮﺍﻗﻊ‪ ‬ﺍﻹﻟﻜﺘﺮﻭﻧﻴﺔ‪ ,‬ﻣﺤﺐ‪ ‬ﻟﻠﺒﺤﺚ‪ ‬ﻭﺍﻟﻘﺮﺍءﺓ‪ ‬ﻓﻲ‪ ‬ﻋﻠﻮﻡ‪ ‬ﺍﻻﻗﺘﺼﺎﺩ‪ ‬ﻭﺍﻟﻤﺤﺎﺳﺒﺔ‬ ‫ﻭﺍﻻﺩﺍﺭﺓ‪ ‬ﻭﺍﻟﺘﻨﻤﻴﺔ‪ ‬ﺍﻟﺒﺸﺮﻳﺔ‪ ‬ﻭﺭﺑﻂ‪ ‬ﺍﻟﻌﻠﻮﻡ‪ ‬ﺑﺒﻌﻀﻬﺎ‪,‬ﻭﺃﻫﺪﻑ‪ ‬ﺍﻟﻰ‪ ‬ﺑﻨﺎء‪ ‬ﺃﻗﻮﻱ‪ ‬ﻣﻮﻗﻊ‪ ‬ﺣﺮ‪ ‬ﻟﻠﻜﺘﺎﺏ‪ ‬ﺍﻟﻤﺴﺘﻘﻠﻴﻦ‪. ‬ﻭﻳﺴﺮﻧﻲ‪ ‬ﻭﻳﺸﺮﻓﻨﻲ‪ ‬ﺍﻧﻀﻤﺎﻡ‪ ‬ﺟﻤﻴﻊ‬ ‫ﻓﺌﺎﺕ‪ ‬ﺍﻟﻜﺘﺎﺏ‪ ‬ﻟﺘﻘﺪﻳﻢ‪ ‬ﻣﺤﺘﻮﻱ‪ ‬ﻗﻴﻢ‪ ‬ﻭﺗﺤﻘﻴﻖ‪ ‬ﺍﻫﺪﺍﻑ‪ ‬ﺍﻟﻤﻮﻗﻊ‪ ‬ﻭﺍﻫﺪﺍﻓﻬﻢ‪. ‬‬

‫‪ ‬‬ ‫ﻣﻘﺎﻻﺕ‪ ‬ﻣﻤﻜﻦ‪ ‬ﺃﻥ‪ ‬ﺗﻌﺠﺒﻚ‬

‫ﺗﻘﺮﻳﺮ‪ ‬ﻟﻠﻜﻮﻧﻐﺮﺱ‪ :‬ﻗﻄﺮ‪ ‬ﺃﻛﺒﺮ‬ ‫ﻣﺴﺘﻮﺭﺩ‪ ‬ﺃﺳﻠﺤﺔ‪ ‬ﺑﺎﻟﻌﺎﻟﻢ‪ ‬ﻭﻣﺼﺮ‬ ‫ﺍﻟﺜﺎﻧﻴﺔ‪ ‬ﺑـ‪ 12‬ﻣﻠﻴﺎﺭ‪ ‬ﺩﻭﻻﺭ‬

‫ﻁﺎﺭﻕ‪ ‬ﻗﺎﺑﻴﻞ‪ :‬ﺍﻟﺼﺎﺩﺭﺍﺕ‪ ‬ﺍﻟﻤﺼﺮﻳﺔ‬ ‫ﺗﻘﻔﺰ‪%25 ‬‬

‫ﻧﻤﺘﻠﻚ‪ ‬ﺃﺟﻮﺩ‪ ‬ﺍﻟﻴﺎﺳﻤﻴﻦ‪ ‬ﻓﻰ‬ ‫ﺍﻟﻌﺎﻟﻢ‪ ..‬ﺍﻟﺨﺒﺮﺍء‪ :‬ﻣﺼﺮ‪ ‬ﻟﺪﻳﻬﺎ‪ ‬ﺍﻟﻘﺪﺭﺓ‬ ‫ﻋﻠﻰ‪ ‬ﺗﺼﺪﻳﺮ‪» ‬ﺯﻳﻮﺕ‪ ‬ﻁﻴﺎﺭﺓ«‪ ‬ﺑـ‪30 ‬‬ ‫ﻣﻠﻴﺎﺭ‪ ‬ﺟﻨﻴﻪ‪...‬‬ ‫ﺗﻭﺻﻳﺎﺕ‪ ‬ﻣﻥ‬

‫ﻳﻤﻜﻨﻚ‪ ‬ﻣﺘﺎﺑﻌﺘﻲ‪ ‬ﻋﻠﻰ‪: ‬‬

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‫ﻟﻴﺴﺖ ﻫﻨﺎﻙ ﺗﻌﻠﻴﻘﺎﺕ‪:‬‬ ‫ﺇﺭﺳﺎﻝ‪ ‬ﺗﻌﻠﻴﻖ‬

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‫ﺗﻘﺭﻳﺭ‪ ‬ﺻﻧﺩﻭﻕ‪ ‬ﺍﻟﻧﻘﺩ‪ ‬ﺍﻟﺩﻭﻟﻲ‪ ‬ﻋﻥ‪ ‬ﻣﺻﺭ‪... ‬ﻣﺎ‪ ‬ﻫﻲ‪ ‬ﺍﻟﺩﻭﻝ‪ ‬ﺍﻟﺩﺍﻋﻣﺔ‪ ‬ﻟﻣﺻﺭ‪ ‬ﻭﻣﺳﺎﺭ‪ ‬ﺑﺭﻧﺎﻣﺞ‪ ‬ﺍﻹﺻﻼﺡ‪ ‬ﺍﻹﻗﺗﺻﺎﺩﻱ‪ ‬ﺍﻟﻣﺻﺭﻱ‪ ‬ﻭﺗﻭﻗﻌﺎﺕ‪ ‬ﺍﻟﺻﻧﺩﻭﻕ‪ ‬ﻟﻌﺎﻡ‪2017 ‬‬

‫‪5/14/2017‬‬

‫ﺃﺩﺧﻞ‪ ‬ﺗﻌﻠﻴﻘﻚ‪...‬‬

‫ﺍﻟﺗﻌﻠﻳﻖ‪ ‬ﺑﺎﺳﻡ‪Unknown (Google) :‬‬

‫ﻧﺷﺭ‬

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‫ﺗﺳﺟﻳﻝ‪ ‬ﺍﻟﺧﺭﻭﺝ‬

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‫‪Fly Cairo to Moscow‬‬ ‫‪450+ Airlines for 2000+ Destinations.‬‬ ‫‪CheapOair.com‬‬

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‫ﺍﻟﺼﻔﺤﺔ‪ ‬ﺍﻟﺮﺋﻴﺴﻴﺔ‬

‫‪StatCounter‬‬

‫ﺟﻤﻴﻊ ﺍﻟﺤﻘﻮﻕ ﻣﺤﻔﻮﺿﺔ ﻟﻤﺪﻭﻧﺔ ﻛﺎﺗﺐ‪ ‬ﻣﺴﺘﻘﻞ‪2015/2016‬‬

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‫ﺗﺼﻤﻴﻢ ‪ :‬ﺗﺪﻭﻳﻦ ﺑﺎﺣﺘﺮﺍﻑ‬

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