International Monetary Fund
“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister
Main Slider
November 29, 2024
“Don’t be alarmed if the exchange rate increases”: Egypt’s Prime Minister
Prime Minister Mostafa Madbouly addressed concerns about the Egyptian pound’s exchange rate during a press conference on Thursday. He assured…
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Business
October 25, 2024
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Egypt stands to gain $800 million in savings by 2030 thanks to the International Monetary Fund’s recent decision to adjust…
The Nile could face a 25% water shortage over the next decade: Economist Jeffrey Sachs
Egypt
October 17, 2024
The Nile could face a 25% water shortage over the next decade: Economist Jeffrey Sachs
Prominent global economist Jeffrey Sachs said that the world is currently at a time of deep and multiple crises that…
Egypt receives third tranche of IMF program worth $820 million
Economy
August 2, 2024
Egypt receives third tranche of IMF program worth $820 million
Mostafa Madbouly, Prime Minister, chaired on Thursday the first meeting of the Coordination Council for Financial and Monetary Policies, in…
PM: 1st batch of IMF loan arrives in Egypt next week, 2nd of Ras al-Hikma deal in May
Egypt
April 1, 2024
PM: 1st batch of IMF loan arrives in Egypt next week, 2nd of Ras al-Hikma deal in May
Prime Minister Mostafa Madbouly said Saturday 30/03/2024 the first batch of the International Monetary Fund (IMF) loan is scheduled to…
Egypt announces its readiness for a new plan with the International Monetary Fund
Business
December 22, 2023
Egypt announces its readiness for a new plan with the International Monetary Fund
Egyptian Prime Minister Mostafa Madbouly said that discussions with the International Monetary Fund (IMF) have not stopped, and emphasized that…
IMF lowers growth forecast for Egyptian economy to 3.6%
Economy
October 10, 2023
IMF lowers growth forecast for Egyptian economy to 3.6%
The International Monetary Fund lowered its growth forecast for the Egyptian economy during the current fiscal year 2023-2024 to 3.6…
IMF approves $3 billion bailout for cash-starved Pakistan
World
July 14, 2023
IMF approves $3 billion bailout for cash-starved Pakistan
Islamabad Reuters — The International Monetary Fund’s board approved a three billion dollar bailout program for Pakistan which will immediately…
World Bank approves $700 million for crisis-hit Sri Lanka
World
June 29, 2023
World Bank approves $700 million for crisis-hit Sri Lanka
Colombo CNN — The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, in…
US dollar price stabilizes in Egypt on Tuesday
Business
February 14, 2023
US dollar price stabilizes in Egypt on Tuesday
The price of the US dollar stabilized on Tuesday, November 14, in Egypt. The price of the US dollar in…