International Monetary Fund
IMF wants pound value to drop against US dollar, says official
Business
January 8, 2013
IMF wants pound value to drop against US dollar, says official
The International Monetary Fund has criticized the Central Bank of Egypt for its delay in allowing the Egyptian pound’s value…
IMF reiterates commitment to supporting Egypt
Egypt
January 8, 2013
IMF reiterates commitment to supporting Egypt
The International Monetary Fund has reiterated its support for Egypt in face of increasing economic challenges. Masood Ahmed, Director of…
IMF official in Egypt as currency crisis bites
Business
January 7, 2013
IMF official in Egypt as currency crisis bites
A senior International Monetary Fund official met Egypt's government on Monday to discuss a vital US$4.8 billion loan as the…
Egypt says to reassure IMF in January visit
Business
January 3, 2013
Egypt says to reassure IMF in January visit
An International Monetary Fund mission will visit Egypt in January for talks on a US$4.8 billion loan agreement that was…
IMF welcomes Egypt’s effort to safeguard reserves
Business
December 31, 2012
IMF welcomes Egypt’s effort to safeguard reserves
The International Monetary Fund said Monday that it welcomed steps Egypt has taken to stop a drain on its international…
State budget suffers incurable disease, says finance minister
Business
December 30, 2012
State budget suffers incurable disease, says finance minister
The state budget suffers from an incurable disease, with resources only covering 60 percent of public expenditures, state-owned Nile…
Egypt to close loan deal with African Development Bank
Business
December 5, 2012
Egypt to close loan deal with African Development Bank
The African Development Bank has tentatively agreed to provide Egypt with US$2.5 billion over the next two years, which coincides…
IMF: Egypt must keep steady course for loan review
Business
November 27, 2012
IMF: Egypt must keep steady course for loan review
The International Monetary Fund's board will require there is no major change in economic outlook or policy when it considers…
Egypt to finalize IMF loan agreement in December, source says
Business
November 21, 2012
Egypt to finalize IMF loan agreement in December, source says
A leading member of the Egyptian team negotiating the terms of a US$4.8 billion International Monetary Fund loan said the…
Sealing the deal: Egypt closest it’s been to securing IMF loan
Business
November 20, 2012
Sealing the deal: Egypt closest it’s been to securing IMF loan
Egypt reached a preliminary agreement with an International Monetary Fund delegation Tuesday, putting into action the disbursement process for a…