budget deficit
Advocacy group rejects government’s IMF-pleasing reform plan
Business
March 22, 2012
Advocacy group rejects government’s IMF-pleasing reform plan
A coalition of economists, activists and academics are condemning the government’s economic reform plan put forward by the Ministry of…
FJP says cabinet has not discussed IMF loan with Parliament
Egypt
March 17, 2012
FJP says cabinet has not discussed IMF loan with Parliament
The Freedom and Justice Party has not yet decided its stance on a potential US$3.2 billion IMF loan, the party said Saturday,…
Egypt says deficit not to exceed LE144 bn
Business
March 13, 2012
Egypt says deficit not to exceed LE144 bn
Egypt's finance minister denied a report published on Monday that the government had raised its budget deficit forecast for this…
European bank criticized for encouraging Mubarak-era policies
Business
March 12, 2012
European bank criticized for encouraging Mubarak-era policies
The Egyptian Initiative for Personal Rights issued this month a scathing critique of the European Bank for Reconstruction and Development’s…
Elections, employee bonuses raise budget deficit
Business
March 12, 2012
Elections, employee bonuses raise budget deficit
The Finance Ministry expects the state budget deficit for the fiscal year 2011/2012 to rise to LE150 billion because of…
IMF to schedule mission to Egypt later in March
Egypt
March 8, 2012
IMF to schedule mission to Egypt later in March
The International Monetary Fund has received a document outlining Egypt's proposed economic program to be supported by IMF financing and…
Govt to offer citizens abroad US$2 bln in certificates of deposit
Egypt
February 22, 2012
Govt to offer citizens abroad US$2 bln in certificates of deposit
Egypt will offer its citizens living outside the country US$2 billion in three- and five-year certificates of deposit (CDs) within…
Official: EU to provide Egypt with US$500 million in aid
Egypt
February 21, 2012
Official: EU to provide Egypt with US$500 million in aid
The European Union intends to support Egypt’s economy with US$500 million in response to a request by the Egyptian government,…
Egypt to offer US$500 mln in 1-year T-bills
Business
February 19, 2012
Egypt to offer US$500 mln in 1-year T-bills
The Central Bank said on Sunday it would offer $500 million in dollar-denominated 1-year treasury bills at an auction on…
IMF says too early to discuss action on Egypt loan
Egypt
February 5, 2012
IMF says too early to discuss action on Egypt loan
The International Monetary Fund has said it is still early to discuss any measures concerning Egypt's request for a US$3.2…