International Monetary Fund

Zambia’s risk of default highlights Africa’s debt crisis
World

Zambia’s risk of default highlights Africa’s debt crisis

KAMPALA, Uganda (AP) — Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia appears headed…
Egypt registers primary surplus of LE100 mn in Q1 FY20-21
Business

Egypt registers primary surplus of LE100 mn in Q1 FY20-21

Egypt registered a primary budget surplus of LE 100 million (US$6.39 million) in the first quarter of its 2020-2021 financial…
Deep falls in Egypt’s inflation could prompt IMF consultation
Business

Deep falls in Egypt’s inflation could prompt IMF consultation

Egypt’s inflation has fallen to some of its lowest levels in well over a decade, potentially triggering consultations with the…
US dollar to Egyptian pound exchange rates fall by 3 piasters
Business

US dollar to Egyptian pound exchange rates fall by 3 piasters

US dollar to Egyptian pound exchange rates fell by an average of three piasters on Monday at the Central Bank…
US dollar to Egyptian pound exchange rates show slight decline
Economy

US dollar to Egyptian pound exchange rates show slight decline

US dollar to Egyptian pound exchange rates at the Central Bank of Egypt recorded a slight decline on Monday, settling…
US dollar to Egyptian pound exchange rate declines by two piasters
Business

US dollar to Egyptian pound exchange rate declines by two piasters

The US dollar to Egyptian pound exchange rate declined by two piasters at the Central Bank of Egypt on Thursday,…
IMF predicts global recession, forecast for Egypt is positive
Business

IMF predicts global recession, forecast for Egypt is positive

The International Monetary Fund on Tuesday significantly reduced its expectations for global economic growth, anticipating a global recession amid the…
Coronavirus puts ‘fragile’ global recovery at risk: IMF to G20
World

Coronavirus puts ‘fragile’ global recovery at risk: IMF to G20

The deadly coronavirus epidemic could put an already fragile global economic recovery at risk, the IMF warned Sunday, as G20…
Coronavirus could damage global growth in 2020: IMF
World

Coronavirus could damage global growth in 2020: IMF

The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid…
Egypt’s foreign currency reserves up to $45.42 billion in December: CBE
Business

Egypt’s foreign currency reserves up to $45.42 billion in December: CBE

Egypt’s foreign currency reserves increased to US$45.42 billion in December compared to $45.35 billion in November, the Central Bank of…
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