foreign debt
IMF request fully floating Egyptian pound: senior gov’t official
Business
August 1, 2016
IMF request fully floating Egyptian pound: senior gov’t official
A senior government official has revealed an International Monatery Fund (IMF) suggestion to fully float the Egyptian pound against the…
A government under economic siege
Business
October 13, 2015
A government under economic siege
Central Bank data has revealed a 4.3 percent increase in net foreign debt in the recently completed fiscal year, recording…
DHAMAN expects Egyptian foreign cash to cover imports in 2014
Business
December 11, 2013
DHAMAN expects Egyptian foreign cash to cover imports in 2014
The Arab Investment & Export Credit Guarantee Corporation (DHAMAN), an autonomous Arab supranational organization, has forecasted Egypt’s GDP growth rate…
Budget deficit climbs to LE146.5 bln
Business
March 28, 2013
Budget deficit climbs to LE146.5 bln
The national budget deficit jumped to LE146.5 billion from July 2012 to February 2013, a rise that is equivalent…
Foreign reserves at critical low, Central Bank says
Business
December 31, 2012
Foreign reserves at critical low, Central Bank says
Foreign reserves are now at a critical low and must be maintained to repay the foreign debt to preserve the…
World Bank promises Egypt US$1 billion loan
Egypt
December 13, 2012
World Bank promises Egypt US$1 billion loan
The World Bank plans to support Egypt’s economic reform plan with a US$1 billion loan to create new programs to…
Official: Egypt negotiates delaying foreign debt repayment
Business
December 6, 2012
Official: Egypt negotiates delaying foreign debt repayment
The Planning and International Cooperation Ministry is holding negotiations with creditor countries to delay an external debt payment of US$1…
Egypt PM says very close to IMF deal
Business
November 19, 2012
Egypt PM says very close to IMF deal
Egypt aims to secure agreement on a US$4.8 billion loan from the International Monetary Fund in a few days to…
IMF mission stays for more loan negotiations
Business
November 14, 2012
IMF mission stays for more loan negotiations
The Central Bank announced Wednesday that an International Monetary Fund delegation is staying in Cairo for several more days to…
IMF team to resume talks in Egypt next week
Business
October 24, 2012
IMF team to resume talks in Egypt next week
An International Monetary Fund team will arrive in Cairo next week to resume discussions on a US$4.8 billion loan that…