IMF loan
New budget would boost spending by 15 percent
Business
May 9, 2012
New budget would boost spending by 15 percent
The Finance Ministry has submitted a draft budget to the cabinet that would increase spending by 15 percent in the…
IMF official: Egypt needs to do more to secure aid
Business
May 2, 2012
IMF official: Egypt needs to do more to secure aid
DUBAI — Egypt needs to do more to secure a US$3.2 billion loan from the International Monetary Fund, including gathering…
Parliament committee stipulates Ganzouri cabinet would not use full IMF loan
Business
April 27, 2012
Parliament committee stipulates Ganzouri cabinet would not use full IMF loan
The People's Assembly Economic Affairs Committee linked its final approval of the IMF loan to assurances that the cabinet of…
Fears of stalled IMF loan negotiations after Parliament rejects govt statement
Egypt
April 25, 2012
Fears of stalled IMF loan negotiations after Parliament rejects govt statement
The parliamentary majority’s refusal of the cabinet’s February briefing to Parliament has raised concerns of economists and bankers over the…
IMF loan to Egypt being finalized, says official
Egypt
April 22, 2012
IMF loan to Egypt being finalized, says official
An International Monetary Fund loan to Egypt is in its final stages and will be announced within the coming weeks,…
IMF head Lagarde: IMF loan for Egypt won’t be enough
Business
April 19, 2012
IMF head Lagarde: IMF loan for Egypt won’t be enough
WASHINGTON, D.C. — Egypt's request for a US$3.2 billion IMF loan will not be enough to meet the country's financial…
Finance minister expects to get IMF loan by end-June
Business
April 12, 2012
Finance minister expects to get IMF loan by end-June
Egypt's government expects to seal a loan from the International Monetary Fund by 15 May, allowing the money to be…
IMF loan stalled by FJP and government politicking
Business
April 11, 2012
IMF loan stalled by FJP and government politicking
Amid the commotion surrounding Egypt's presidential elections and the drafting of a new constitution, the Muslim Brotherhood has taken its…
We rejected an IMF request to devalue the pound by 20%, says official
Business
March 26, 2012
We rejected an IMF request to devalue the pound by 20%, says official
A senior government official said Monday that the government rejected a request by the International Monetary Fund to devalue the…
IMF loan faces political hurdles
Business
March 25, 2012
IMF loan faces political hurdles
Negotiations between the government and the International Monetary Fund over a US$3.2 billion loan were adversely affected by the position…