International Monetary Fund
Govt source: US$2 bn deposit from Algeria in works at Qandil visit
Egypt
October 21, 2012
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
October 15, 2012
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
October 11, 2012
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
October 4, 2012
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
October 3, 2012
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
October 1, 2012
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
September 24, 2012
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
September 21, 2012
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
September 13, 2012
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
September 6, 2012
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…