loans

World Bank says Egypt requested US$1bn loan
Business

World Bank says Egypt requested US$1bn loan

The World Bank said on Thursday that Egypt has asked for a US$1 billion loan and it will launch talks…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Business

Egypt to seek US$1 bln in loans from World Bank, African Development Bank

Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…
Government divided over IMF loan
Business

Government divided over IMF loan

Government officials have issued conflicting statements regarding the economic reform program that was designed in return for a loan of…
US senator Kerry: Economy is Egypt’s main problem
Egypt

US senator Kerry: Economy is Egypt’s main problem

CAIRO — Egypt urgently needs a massive cash injection and should strike a deal with the International Monetary Fund as…
Egypt negotiates 25 million-euro grant with EU, World Bank
Business

Egypt negotiates 25 million-euro grant with EU, World Bank

Egypt has negotiated a 25 million-euro grant for development projects with the European Union and World Bank, an official with…
Finance minister: Egypt will accept IMF funding package
Business

Finance minister: Egypt will accept IMF funding package

Egypt intends to accept a funding package of US$3.2 billion from the International Monetary Fund (IMF) it had rejected earlier…
World Bank officials to visit Egypt again over borrowing
Egypt

World Bank officials to visit Egypt again over borrowing

World Bank officials plan to visit Cairo to examine the possibility of giving loans to Egypt, said Vakhtang Lejava, a…
IMF concludes visit to Egypt, no word on aid
Business

IMF concludes visit to Egypt, no word on aid

The International Monetary Fund wrapped up a mission to Egypt saying the country faced economic challenges but gave no word…
Audit and cancel Egypt’s debt
Opinion

Audit and cancel Egypt’s debt

On 31 October, a group of researchers, activists and civil society organizations will launch the Egyptian Debt Audit and Cancellation…
Drop ‘dictator debt,’ activists and economists say
Business

Drop ‘dictator debt,’ activists and economists say

Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country…
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