IMF

IMF recommends govt let pound float, officials deny devaluation talk
Business

IMF recommends govt let pound float, officials deny devaluation talk

An October report from IMF’s Tokyo meeting, which Egyptian officials attended, recommends that the government allow the country’s currency to…
IMF and govt agree on economic program, official says
Business

IMF and govt agree on economic program, official says

A senior government official said Thursday there has been a convergence of views between the IMF and the Egyptian government…
Pound weakens to near 8-year low as IMF talks resume
Business

Pound weakens to near 8-year low as IMF talks resume

The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
IMF did not ask for devaluation of the Egyptian pound, says official
Egypt

IMF did not ask for devaluation of the Egyptian pound, says official

  Central Bank of Egypt governor Farouk al-Oqda said that the Egyptian economy is getting better and that, contrary to…
Egypt’s IMF loan: More than just borrowing
Opinion

Egypt’s IMF loan: More than just borrowing

As the dust settles following the “Arab Spring,” which unseated some of the Middle East’s longest surviving dictators, elected governments…
Turkey to provide Egypt with US$2 billion in financing
Business

Turkey to provide Egypt with US$2 billion in financing

Turkey has agreed during a visit by Egyptian officials to Istanbul to provide Egypt with a US$2 billion financing package,…
EU pledges 500 million euros in macroeconomic aid
Business

EU pledges 500 million euros in macroeconomic aid

BRUSSELS — The European Union offered Egypt macroeconomic assistance of 500 million euros, as well as between 150 and 200…
US business leaders to visit Egypt amid debt cancelation questions
Egypt

US business leaders to visit Egypt amid debt cancelation questions

US Deputy Secretary of State Thomas Nides will accompany a major American business delegation visiting Egypt on Saturday, officials said,…
US delegation in favor of IMF loan, protesters say no
Business

US delegation in favor of IMF loan, protesters say no

The head of the US economic delegation said Wednesday that United States welcomes Egypt's negotiations with the IMF as the…
IMF loan, reforms ‘both vital for Egypt’
Egypt

IMF loan, reforms ‘both vital for Egypt’

International Monetary Fund approval of Egypt's request for nearly US$5 billion in aid would come as a vital boon to…
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