International Monetary Fund

Moody’s downgrades Egypt, citing unsettled political conditions, weak finances
Business

Moody’s downgrades Egypt, citing unsettled political conditions, weak finances

Moody's cut Egypt's credit rating on Thursday, citing unsettled political conditions and public finances, which it said raised the chance…
Egypt rejects link between IMF loan and stalled polls
Business

Egypt rejects link between IMF loan and stalled polls

Egypt rejected on Monday any link between stalled parliamentary elections and its drive to secure a loan from the IMF…
Payments figures add to pressure for IMF deal
Business

Payments figures add to pressure for IMF deal

The country's current account deficit narrowed in July-December, data showed on Thursday, but economists said it remained a major problem…
IMF mission due in Cairo Sunday to discuss economic reforms
Business

IMF mission due in Cairo Sunday to discuss economic reforms

  An International Monetary Fund delegation is due to arrive in Cairo on Sunday to renew discussions regarding economic reforms,…
Minister: Egypt does not need IMF bridging funding
Business

Minister: Egypt does not need IMF bridging funding

Egypt does not need bridging financing as offered by the International Monetary Fund to some countries, but rather broad structural…
US gives Egypt US$190 mn in aid
Egypt

US gives Egypt US$190 mn in aid

Egypt signed an agreement Sunday for US$190 million in aid from the US, Planning and International Cooperation Minister Ashraf al-Araby…
Inflation hits highest levels in more than two years
Business

Inflation hits highest levels in more than two years

The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that the annual inflation rate increased during February by…
Website: Egypt may consider urgent IMF loan
Business

Website: Egypt may consider urgent IMF loan

A senior Finance Ministry official has reportedly said the government may consider next week an International Monetary Fund offer to…
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