Fitch's report of 30 January stated that "Egypt's downgrading reflects balance between short-term reserve
pressure, political upheaval, a weak and deteriorating fiscal position and capital flight, against our assumption that an IMF programme will be in place after the election."
This "reflects a balance between short-term reserve
pressure, political upheaval, a weak and deteriorating fiscal position and capital flight against our assumption that an IMF programme will be in place after" parliamentary elections expected this spring.
Other banks can then borrow these funds in order to meet their own short-term reserve
Our short-term reserve
is dedicated to planned capital expenditures and to taking advantage of well-defined unplanned opportunities when they arise.
Although the decision not to draw from the IMF and some other multilateral lenders increases the risk of continued short-term reserve
pressure, pledges from bilateral lenders have begun to crystallize and should help stabilize reserves.
For most associations, the short-term reserve
exists to sustain normal operations during a temporary downturn, without having to resort to dramatic cutbacks or dues increases.
All countries should be developing policies that address their own systems and that help in growing short-term reserves
. Clear standards needs to be placed to measure initiatives that encourage innovation, enhance policies related to the workplace, and grow national GDP."
Fuel companies said they had short-term reserves
to get them through the current situation difficulties.
The plan offers three age-based portfolios, which automatically adjust asset allocations among stocks, bonds and short-term reserves
as a child approaches college age.
SAVINGS: Try to build up short-term reserves
in tax-exempt savings accounts (TESSAS) or deposit accounts, which could provide a cushion in the event of redundancy.