economic reform plan

IMF, Egypt reaches staff level agreement worth US$820 million
Business

IMF, Egypt reaches staff level agreement worth US$820 million

The International Monetary Fund (IMF) announced on Thursday that it reached a staff level agreement with Egyptian authorities on a…
Egypt says external debt slumps for the first time in over 4 years
Business

Egypt says external debt slumps for the first time in over 4 years

The Cabinet Media Center on Sunday said that Egypt has successfully reversed its external debt curve, declining for the first…
Egypt govt seeks to reduce budget deficit to 9.5%
Economy

Egypt govt seeks to reduce budget deficit to 9.5%

Egyptian presidential spokesperson Bassam Rady said on Saturday that the government aims to reduce the total budget deficit to about…
New billboards across Egypt’s capital extol austerity
Egypt

New billboards across Egypt’s capital extol austerity

Billboards and street signs have gone up across Egypt's capital extolling austerity and hope, part of a pro-government public relations…
Egypt in late stages of verifying IMF reform plan
Business

Egypt in late stages of verifying IMF reform plan

Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund (IMF) before…
New taxes in Egypt’s latest economic program will do little to spur recovery
Business

New taxes in Egypt’s latest economic program will do little to spur recovery

It’s easy to lose track of how many economic plans the government has presented since President Mohamed Morsy’s election, the…
Revised economic plan hikes cigarette, iron, cement, alcohol taxes
Business

Revised economic plan hikes cigarette, iron, cement, alcohol taxes

Egypt’s amended economic reform plan will raise taxes on cigarettes, alcohol, iron, cement, carbonated drinks and mobile phone use. It…
Egypt’s economic reform plan: Revolutionary social justice, or more of the same?
Business

Egypt’s economic reform plan: Revolutionary social justice, or more of the same?

The details of a 10-year economic reform plan that officials say aims to make Egypt “a free and democratic civil…
In anti-IMF march, austerity fears and economic disillusion
Business

In anti-IMF march, austerity fears and economic disillusion

Several hundred protesters gathered on Monday evening outside the stock exchange building in downtown Cairo and marched to the headquarters…
Government moves to rein in energy subsidy bill
Business

Government moves to rein in energy subsidy bill

The government has taken a first step to getting expensive energy subsidies under control, a key component of an economic…
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