International Monetary Fund (IMF)
Egypt to receive World Bank loan third tranche in December: official
Business
May 4, 2017
Egypt to receive World Bank loan third tranche in December: official
Hafez Ghanem, World Bank Vice President for Middle East and North Africa, said that the third tranche of the World…
IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent
Business
April 19, 2017
IMF lowers 2016-17 growth forecast for Egypt to 3.5 percent
Egypt's economy will grow by 3.5 percent during the 2016-17 financial year, the International Monetary Fund said on Tuesday, lowering…
Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected
Egypt
March 6, 2017
Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected
The value of the Egyptian pound rose faster than expected, though optimism prevails among Egyptian businessmen societies recently, thanks to…
Egypt on track to receive 2nd tranche of IMF loan
Egypt
January 19, 2017
Egypt on track to receive 2nd tranche of IMF loan
Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min
Business
January 15, 2017
Egypt’s $12 bln IMF loan carries interest rate of 1.5-1.75 pct -fin min
Egypt's $12 billion three-year loan programme from the International Monetary Fund carries an interest rate of 1.5 to 1.75 percent,…
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt
December 6, 2016
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt's foreign reserves have increased to US$23.058 billion at the end of November from $19.041 billion a month earlier, the…
IMF bailout for Egypt seeks major reduction in public debt
Business
November 12, 2016
IMF bailout for Egypt seeks major reduction in public debt
The International Monetary Fund said on Friday that its $12 billion bailout program for Egypt aims to reduce the country's…
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
Egypt
November 12, 2016
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling…
Egypt to submit letter of intent to IMF within three days -fin min quoted
Business
November 7, 2016
Egypt to submit letter of intent to IMF within three days -fin min quoted
Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12…
From float to subsidy cuts, Egypt says no time to delay reforms
Egypt
November 5, 2016
From float to subsidy cuts, Egypt says no time to delay reforms
A day after dramatically ditching its currency peg and hiking fuel prices, Egypt's government scrambled to assure people angered by…