International Monetary Fund

Qandil: Despite challenges, economy can improve
Egypt

Qandil: Despite challenges, economy can improve

Prime Minister Hesham Qandil said in a speech Monday that the state of the Egyptian economy can be improved, despite…
The alternative guide to solving Egypt’s economic crisis
Business

The alternative guide to solving Egypt’s economic crisis

Egypt is currently taking a series of massive measures which officials say will help fix the country’s ailing economy. In…
Moody’s keeps Egypt’s credit rating at B2
Business

Moody’s keeps Egypt’s credit rating at B2

  Moody’s decided on Thursday to maintain Egypt’s credit rating at B2 based on negative mid-range forecasts for the nation’s…
Left criticizes IMF loan, but to little effect
Egypt

Left criticizes IMF loan, but to little effect

Leftist leaders have spoken out against a US$4.8 billion loan from the International Monetary Fund in past weeks. But with…
Qandil denies reports US will drop US$1 bn in debt
Business

Qandil denies reports US will drop US$1 bn in debt

Prime Minister Hesham Qandil denied on Tuesday reports that the US would drop US$1 billion from the country’s debt load.…
Brotherhood asks Al-Azhar to issue fatwa on IMF loan
Egypt

Brotherhood asks Al-Azhar to issue fatwa on IMF loan

Abdel Khaleq al-Sherif, head of the Muslim Brotherhood’s advocacy and guidance department, has asked Al-Azhar, the Ministry of Endowments and…
Salafi leader attacked for not declaring IMF loan usury
Egypt

Salafi leader attacked for not declaring IMF loan usury

Salafi groups attacked Salafi Dawah vice president Yasser Borhamy Tuesday for his public comments that a loan Egypt is set…
Salafi Dawah vice president says IMF loan permissible in Islam
Egypt

Salafi Dawah vice president says IMF loan permissible in Islam

The vice president of the Salafi Dawah group, Yasser Borhamy, said Sunday the interest on the loan Egypt is set…
Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan
Egypt

Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan

The International Monetary Fund would not interfere with the Egyptian government’s new reform policies, said Finance Minister Momtaz al-Saeed on…
Thursday’s papers: IMF loans and counter revolutions
Egypt

Thursday’s papers: IMF loans and counter revolutions

President Mohamed Morsy’s meeting with International Monetary Fund Managing Director Christine Lagarde on Monday is the top story in Thursday’s…
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