International Monetary Fund (IMF)

Economic reform program concludes in 2019: Egypt’s PM
Business

Economic reform program concludes in 2019: Egypt’s PM

  Egyptian Prime Minister Mostafa Madbouly announced on Sunday that 2019 is expected to be the final phase of the…
Egypt to repay IMF loan starting in May 2021: Government sources
Business

Egypt to repay IMF loan starting in May 2021: Government sources

  Egypt will begin repaying the International Monetary Fund (IMF) loan in May 2021 with a tranche worth US $2.75…
Egypt to host African Caucus for WB, IMF on Sunday and Monday
Business

Egypt to host African Caucus for WB, IMF on Sunday and Monday

  Egypt will host the annual meetings for the African Caucus for the World Bank (WB) and the International Monetary…
IMF approves 4th tranche of Egypt’s $12 billion loan
Economy

IMF approves 4th tranche of Egypt’s $12 billion loan

Egypt received the approval of the International Monetary Fund (IMF) on Friday for its fourth tranche of its $12 billion…
New government formation to include around 9 ministers: Sources
Egypt

New government formation to include around 9 ministers: Sources

  Official sources stated on Sunday that the new Prime Minister Mostafa Madbouly has secretly chosen the new government’s ministers.…
Egypt’s foreign currency reserve increased by $106 million in May
Economy

Egypt’s foreign currency reserve increased by $106 million in May

  The Central Bank of Egypt (CBE) announced on Monday that the net foreign reserve increased to $44.139 billion at…
Tunisians vote in first free municipal elections
Middle East

Tunisians vote in first free municipal elections

Tunisians voted on Sunday in their first free municipal elections, another step in a democratic transition that has become marred…
IMF says Egypt must deepen reforms to catch window of global growth
Business

IMF says Egypt must deepen reforms to catch window of global growth

Egypt will have to deepen its IMF-backed reforms and better encourage private sector growth if it wants to cash in…
IMF seeks to crack down on corruption, World Bank boosts lending capacity
World

IMF seeks to crack down on corruption, World Bank boosts lending capacity

The IMF is calling on wealthier countries to limit potential safe havens for dirty money. Meanwhile, the World Bank has…
Egypt committed to economic reform and would increase taxes: MInister
Business

Egypt committed to economic reform and would increase taxes: MInister

Egypt’s Finance Minister Amr al-Garhy continued his activity in the US capital Washington, where he participated in some important meetings…
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