IMF
IMF recommends govt let pound float, officials deny devaluation talk
Business
November 4, 2012
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
November 1, 2012
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
October 31, 2012
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
September 29, 2012
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
September 23, 2012
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
September 15, 2012
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
September 13, 2012
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
September 5, 2012
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
August 29, 2012
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
August 26, 2012
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…