International Monetary Fund

Egypt announces its readiness for a new plan with the International Monetary Fund
Business

Egypt announces its readiness for a new plan with the International Monetary Fund

Egyptian Prime Minister Mostafa Madbouly said that discussions with the International Monetary Fund (IMF) have not stopped, and emphasized that…
IMF lowers growth forecast for Egyptian economy to 3.6%
Economy

IMF lowers growth forecast for Egyptian economy to 3.6%

The International Monetary Fund lowered its growth forecast for the Egyptian economy during the current fiscal year 2023-2024 to 3.6…
IMF approves $3 billion bailout for cash-starved Pakistan
World

IMF approves $3 billion bailout for cash-starved Pakistan

Islamabad Reuters  —  The International Monetary Fund’s board approved a three billion dollar bailout program for Pakistan which will immediately…
World Bank approves $700 million for crisis-hit Sri Lanka
World

World Bank approves $700 million for crisis-hit Sri Lanka

Colombo CNN  —  The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, in…
US dollar price stabilizes in Egypt on Tuesday
Business

US dollar price stabilizes in Egypt on Tuesday

The price of the US dollar stabilized on Tuesday, November 14, in Egypt. The price of the US dollar in…
No third flotation of the Egyptian pound: economist
Business

No third flotation of the Egyptian pound: economist

Economist Mostafa Badra denied a third flotation of the Egyptian pound. Badra revealed the details of Egypt obtaining a US$3…
Gov’t: IMF’s approval of new support package reflects confidence in Egypt’s ability to meet int’l obligations
Egypt

Gov’t: IMF’s approval of new support package reflects confidence in Egypt’s ability to meet int’l obligations

The International Monetary Fund’s (IMF) recent approval of Egypt’s comprehensive national economic reform program is a further confirmation of the…
IMF stresses need to maintain flexibility of exchange rate in Egypt
Business

IMF stresses need to maintain flexibility of exchange rate in Egypt

Deputy Director of the Fiscal Affairs Department of the International Monetary Fund, Katherine Baer, stressed the need to maintain the…
IMF loan to not solve economic crisis in Egypt radically: economist
Economy

IMF loan to not solve economic crisis in Egypt radically: economist

The IMF loan will not radically solve the economic crisis in Egypt, Hisham Badawy, an economist, stressed, adding that rationalizing…
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
Business

Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister

The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and the oil sector…
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