debt

Farmers in limbo after stalled promises of loan forgiveness
Business

Farmers in limbo after stalled promises of loan forgiveness

In a speech made in the midst of December clashes between protesters and military and security forces, Prime Minister Kamal…
As Egypt returns to IMF, transparency still lacking
Business

As Egypt returns to IMF, transparency still lacking

Though largely billed as the country’s best and last hope to balance a growing budget deficit and to alleviate a…
SCAF: Egypt has refused foreign aid with political strings attached
Egypt

SCAF: Egypt has refused foreign aid with political strings attached

Egypt has refused financial aid offers from the Gulf and other foreign countries because political conditions have been attached, member…
Finance minister: Egypt will accept IMF funding package
Business

Finance minister: Egypt will accept IMF funding package

Egypt intends to accept a funding package of US$3.2 billion from the International Monetary Fund (IMF) it had rejected earlier…
Egypt gets budget help from Arab Monetary Fund
Business

Egypt gets budget help from Arab Monetary Fund

Egypt will receive US$200 million to support its budget from the Abu Dhabi-based Arab Monetary Fund (AMF) this month and…
Petroleum authority’s financial problems require drastic solutions, says official
Business

Petroleum authority’s financial problems require drastic solutions, says official

A newly formed committee will help reform the General Petroleum Authority's financial structure and find drastic solutions for its mounting…
Amid debt concerns, large World Bank projects continue
Business

Amid debt concerns, large World Bank projects continue

As Egyptian civil society calls for the eradication of debts incurred under former President Hosni Mubarak, Egypt’s government continues to…
Should Egypt repay its $35 billion debt?
Opinion

Should Egypt repay its $35 billion debt?

Since Mubarak’s fall, steps are being taken to address the widespread corruption that occurred during his 30-year rule. The Illicit…
Drop ‘dictator debt,’ activists and economists say
Business

Drop ‘dictator debt,’ activists and economists say

Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country…
Minister: Egypt’s foreign debts within safe limits
Business

Minister: Egypt’s foreign debts within safe limits

Egypt's foreign debts remain within the safe limits of International Monetary Fund (IMF) and World Bank standards, Planning and International…
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