economic reforms

IMF chief to recommend $12 bn Egypt loan approval
Egypt

IMF chief to recommend $12 bn Egypt loan approval

IMF chief Christine Lagarde said Tuesday she will recommend the institution approve a US$12 billion loan for Egypt when the…
IMF chief foresees ‘prompt’ start of Egypt lending
Business

IMF chief foresees ‘prompt’ start of Egypt lending

Egypt may soon receive the first tranche of a crucial $12 billion aid package, the head of the International Monetary…
IMF to discuss Egypt loan at future meeting, not this week: deputy minister
Egypt

IMF to discuss Egypt loan at future meeting, not this week: deputy minister

The International Monetary Fund will discuss Egypt's $12 billion loan programme at an executive board meeting, not at its annual…
Egypt’s finance minister expects first tranche of IMF loan in six weeks
Business

Egypt’s finance minister expects first tranche of IMF loan in six weeks

Egypt expects to receive the first $4 billion tranche of a $12 billion three-year IMF loan facility within six weeks,…
New electricity rates to be announced soon: minister
Egypt

New electricity rates to be announced soon: minister

Electricity Minister Mohamed Shaker said on Thursday that he plans to announce new price categories for electricity usage, saying that…
Negotiations for $12 bn IMF loan going smoothly: finance minister
Business

Negotiations for $12 bn IMF loan going smoothly: finance minister

Finance Minister Amr al-Garhy has announced that talks with an International Monetary Fund delegation, which is currently visiting Cairo, have…
World Bank set to provide Egypt with first $1 billion of $3 billion loan
Business

World Bank set to provide Egypt with first $1 billion of $3 billion loan

The World Bank will provide the first $1 billion tranche of a $3 billion loan to Egypt after parliament approves…
Euro zone gives Greece six-day deadline to revise reforms
World

Euro zone gives Greece six-day deadline to revise reforms

 Euro zone deputy finance ministers gave Athens a six working day deadline to come up with revised reform proposals to enable a…
Report: Experts draw up government economic reform plans
Business

Report: Experts draw up government economic reform plans

Experts have drawn up proposals for tax and energy subsidy changes and will present them to Egypt's Cabinet on Sunday,…
India hit by national strike over economic reforms
World

India hit by national strike over economic reforms

Schools, shops and government offices were shut in some Indian states on Thursday as protesters blocked road and rail traffic…
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