International Monetary Fund

Govt source: US$2 bn deposit from Algeria in works at Qandil visit
Egypt

Govt source: US$2 bn deposit from Algeria in works at Qandil visit

The Egyptian government may negotiate with Algeria for a US$2 billion deposit, said an official Egyptian government source. The source…
Finance minister: Egypt close to US$1 bn loan from World Bank
Egypt

Finance minister: Egypt close to US$1 bn loan from World Bank

Egypt had agreed with the World Bank on the terms for obtaining a US$1 billion loan to finance projects that…
Loan negotiations could conclude by November, says IMF
Egypt

Loan negotiations could conclude by November, says IMF

The International Monetary Fund is optimistic that negotiations for a US$4.8 billion loan to Egypt could conclude by mid-November, said…
Egypt scraps T-bill sale, seen as bid to keep rates low
Business

Egypt scraps T-bill sale, seen as bid to keep rates low

Egypt's Finance Ministry said it had cancelled an auction of LE3.5 billion (US$573.8 million) of treasury bills planned for Wednesday,…
Qandil: IMF delegation to visit Egypt in late October
Business

Qandil: IMF delegation to visit Egypt in late October

A delegation from the International Monetary Fund will visit Egypt at the end of this month to resume talks over…
Finance minister says IMF delays loan talks
Egypt

Finance minister says IMF delays loan talks

The International Monetary Fund has delayed sending a team to Cairo to negotiate a US$4.8 billion loan while the Egyptian…
Qandil: Despite challenges, economy can improve
Egypt

Qandil: Despite challenges, economy can improve

Prime Minister Hesham Qandil said in a speech Monday that the state of the Egyptian economy can be improved, despite…
The alternative guide to solving Egypt’s economic crisis
Business

The alternative guide to solving Egypt’s economic crisis

Egypt is currently taking a series of massive measures which officials say will help fix the country’s ailing economy. In…
Moody’s keeps Egypt’s credit rating at B2
Business

Moody’s keeps Egypt’s credit rating at B2

  Moody’s decided on Thursday to maintain Egypt’s credit rating at B2 based on negative mid-range forecasts for the nation’s…
Left criticizes IMF loan, but to little effect
Egypt

Left criticizes IMF loan, but to little effect

Leftist leaders have spoken out against a US$4.8 billion loan from the International Monetary Fund in past weeks. But with…
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