International Monetary Fund

IMF welcomes Egypt’s effort to safeguard reserves
Business

IMF welcomes Egypt’s effort to safeguard reserves

The International Monetary Fund said Monday that it welcomed steps Egypt has taken to stop a drain on its international…
State budget suffers incurable disease, says finance minister
Business

State budget suffers incurable disease, says finance minister

  The state budget suffers from an incurable disease, with resources only covering 60 percent of public expenditures, state-owned Nile…
Egypt to close loan deal with African Development Bank
Business

Egypt to close loan deal with African Development Bank

The African Development Bank has tentatively agreed to provide Egypt with US$2.5 billion over the next two years, which coincides…
IMF: Egypt must keep steady course for loan review
Business

IMF: Egypt must keep steady course for loan review

The International Monetary Fund's board will require there is no major change in economic outlook or policy when it considers…
Egypt to finalize IMF loan agreement in December, source says
Business

Egypt to finalize IMF loan agreement in December, source says

A leading member of the Egyptian team negotiating the terms of a US$4.8 billion International Monetary Fund loan said the…
Sealing the deal: Egypt closest it’s been to securing IMF loan
Business

Sealing the deal: Egypt closest it’s been to securing IMF loan

Egypt reached a preliminary agreement with an International Monetary Fund delegation Tuesday, putting into action the disbursement process for a…
Egypt reaches preliminary deal for US$4.8 billion IMF loan
Business

Egypt reaches preliminary deal for US$4.8 billion IMF loan

  Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a US$4.8 billion loan,…
Egypt PM says very close to IMF deal
Business

Egypt PM says very close to IMF deal

Egypt aims to secure agreement on a US$4.8 billion loan from the International Monetary Fund in a few days to…
IMF mission stays for more loan negotiations
Business

IMF mission stays for more loan negotiations

The Central Bank announced Wednesday that an International Monetary Fund delegation is staying in Cairo for several more days to…
Egypt should implement economic reform to get loan, IMF official says
Egypt

Egypt should implement economic reform to get loan, IMF official says

An International Monetary Fund official said Monday that it is hard to set a definite time frame for granting Egypt…
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