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" Economic reform"

340 results

Business - Economy
12/23/2022 6:18:00 PM
Late Friday, the Executive Board of the International Monetary Fund (IMF) approved a $3 billion 46-month loan deal for Egypt under the Fund’s Extended Fund Facility (EFF) with an immediate disbursement of about $347 million as a first tranche of the loan amount.

Business - Economy
12/20/2022 6:08:36 PM
The IMF will be looking for "a shift by Egypt to a flexible exchange rate" once the letter of credit system for financing imports is phased out by the end of December, Vladkova Hollar, the IMF mission chief for Egypt, said in an interview with Reuters on Monday.

Business - Economy
12/18/2022 5:22:16 PM
The exchange rate of the US dollar against the Egyptian pound was stable at the close of transactions Sunday at Egypt's major banks, the first working day after the International Monetary Fund (IMF) approved Egypt’s $3 billion new economic reform programme.

Business - Economy
12/17/2022 8:23:56 PM
The new $3 billion loan to Egypt approved on Friday by the International Monetary Fund (IMF) will be used to support the country’s programme to boost economic growth and investments and enhance its social protection network, the Cabinet said today.

World - International
11/30/2022 11:00:00 AM
Former President Jiang Zemin, who led China out of isolation after the army crushed the Tiananmen Square pro-democracy protests in 1989 and supported economic reforms that led to a decade of explosive growth, died Wednesday. He was 96.

Egypt - Politics
11/21/2022 4:05:27 PM
Egyptian MPs approved on Sunday in principle legal amendments that would allow contractors who have suffered losses because of recent economic reforms to obtain financial compensation from the government.

Egypt - Politics
11/21/2022 2:31:37 PM
Egyptian MPs approved in principle on Sunday legislative amendments that would allow contractors who have suffered losses due to the recent economic reforms to obtain financial compensation from the government.

Opinion -
11/2/2022 9:02:14 PM
If we only float and are satisfied with that, we will certainly pay the price twice, first in inflation and secondly in not enjoying the returns on greater investment, tourism and export.

Business - Economy
10/30/2022 12:29:09 PM
On Thursday, the Egyptian government and the International Monetary Fund (IMF) announced reaching a staff-level agreement for a new loan to Egypt to address the repercussions of the Russian war on Ukraine.

Business - Economy
10/27/2022 3:19:48 PM
The Egyptian pound fell on Thursday during trading hours by 17 percent against the US dollar and 19 percent against the euro as the Central Bank of Egypt adopts a "flexible exchange-rate regime" as part of the new economic reform programme.

Egypt - Politics
10/23/2022 7:14:00 PM
President Abdel-Fattah El-Sisi said that decisive solutions and understanding from the public have been required to move ahead with drastic economic reforms in Egypt to face crises the country witnessed over the past 50 years.

Business - Economy
10/16/2022 6:56:58 PM
The Central Bank of Egypt (CBE) and the Ministry of Finance announced on Sunday that Egypt and the International Monetary Fund (IMF) have reached an agreement on the economic and structural policies and reforms for Egypt’s new IMF-backed economic reform programme.

Business - Economy
9/1/2022 11:08:00 PM
Since the onset of the war in Ukraine in March, the Egyptian pound has been devalued by over 20 percent against the US dollar, reaching the highest level of inflation since the implementation of the IMF-backed economic reform programme in late 2016.

Business - Economy
6/28/2022 5:00:00 PM
Although Egypt achieved significant real GDP growth thanks to its economic reform programme, the private sector’s potential to push development needs to be unblocked, according to a recent report released by the European Bank for Reconstruction and Development (EBRD).

World - Region
6/21/2022 9:52:44 PM
Tunisian President Kais Saied on Tuesday urged the International Monetary Fund to take into account the social impact of any economic reforms it may demand as part of a bailout package.

Egypt - Foreign Affairs
6/5/2022 9:56:52 PM
Foreign Minister Sameh Shoukry discussed on Sunday with a delegation from the World Bank Executive Directors the Egyptian government’s latest economic reforms as well as the preparations for hosting the UN Climate Change Conference 2022 (COP27).

Egypt - Politics
6/2/2022 10:34:39 PM
Egypt’s economic reforms have enabled the country’s economy to withstand various crises, Prime Minister Mostafa Madbouly said in a speech on Thursday during the inauguration of the annual meetings of the Islamic Development Bank (IsDB) Group.

Egypt - Foreign Affairs
5/30/2022 12:15:42 PM
Ambassador of the Republic of Korea to Egypt Hong Jin Wook said that Egypt is a key strategic partner of the Republic of South Korea due to its distinguished location and its government-led economic reform programs.

Business - Economy
5/15/2022 10:49:09 PM
Egypt is negotiating with the International Monetary Fund (IMF) on a new cooperation programme to support the country's comprehensive economic reforms and an agreement is expected to be reached within a “very few months,” Prime Minister Mostafa Madbouly said on Sunday.

Egypt - Society
4/21/2022 11:25:46 PM
The current challenges in Egypt are greater than on any previous government, and we are working on a plan we can all contribute to, President Abdel-Fattah El-Sisi said on Thursday.

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