|
Business
-
Economy
12/5/2022 3:34:24 PM
Egypt hopes to receive in December the first tranche, worth $750 million, of the $3 billion loan from the International Monetary Fund (IMF), Minister of Finance Mohamed Maait said in statements to Alsharq Bloomberg on Sunday.
|
|
World
-
War in Ukraine
12/3/2022 1:48:08 PM
Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front: how to pay the enormous cost of the war effort without triggering out-of-control price spikes for ordinary people or piling up debt that could hamper postwar reconstruction.
|
|
Business
-
Economy
12/1/2022 12:11:03 PM
The International Finance Corporation (IFC), a financing arm of the World Bank Group, alongside UAE, Japanese, Dutch, and private sector commercial banking partners, announced on Wednesday a $1.1 billion financing package for Egypt, including debt and equity.
|
|
Business
-
Energy
11/22/2022 2:35:37 PM
Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has left Europe's biggest economy facing "great economic uncertainty", Finance Minister Christian Lindner said Tuesday.
|
|
World
-
Region
11/19/2022 1:25:37 PM
Leaders of French-speaking countries gathered Saturday on a Tunisian island to discuss debt relief, migration, food and energy shortages, with a soaring cost of living across Africa, Europe and the Middle East due to war in Ukraine as the backdrop.
|
|
COP27
-
Climate change
11/9/2022 10:28:36 PM
Pakistan's foreign minister repeated calls for compensation for the unprecedented destruction caused to the country by this summer's flooding, saying debt relief could be a mechanism for doing so.
|
|
Business
-
Economy
11/7/2022 3:36:00 PM
In an exclusive interview, Kristalina Georgieva, the Managing Director of the International Monetray Fund (IMF) , told Al-Ahram she is confident that Egypt’s commitment to fiscal prudence under the new IMF-backed programme will contribute to maintaining market confidence and ensuring that public debt-to-GDP is on a downward trajectory, thereby helping to create room to expand the social safety net for vulnerable groups.
|
|
COP27
-
Focus
10/31/2022 5:00:41 PM
Barbados Prime Minister Mia Amor Mottley spoke passionately to the United Nations General Assembly in September about the mounting debt many developing countries are shouldering and its increasing impact on their ability to thrive.
|
|
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.
|
|
World
-
International
10/24/2022 1:40:32 PM
China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry.
|
|
Business
-
Economy
10/21/2022 4:02:00 PM
British government debt rose to the highest level in almost 60 years last month and retail sales slumped, underscoring the scale of the economic challenges facing whoever replaces Prime Minister Liz Truss after her administration imploded under the weight of its failed financial plan.
|
|
Al-Ahram Weekly
-
Opinion
10/20/2022 8:24:42 PM
Investment is desperately needed, but some investments are better than others.
|
|
Al-Ahram Weekly
-
Egypt
10/20/2022 10:54:00 AM
Egypt is anticipating its fourth loan from the International Monetary Fund in order to boost the economy, increase foreign-currency reserves, and cushion the effects of the global inflationary wave.
|
|
World
-
International
10/6/2022 10:43:51 AM
Fitch on Wednesday lowered the outlook for its credit rating for British government debt from stable to negative after new Prime Minister Liz Truss announced a crash program of debt-fueled tax cuts.
|
|
Al-Ahram Weekly
-
Egypt
9/20/2022 11:15:41 PM
Egypt’s national dialogue could work to improve the transparency and efficiency of the state budget
|
|
Business
-
Economy
9/5/2022 3:38:13 PM
The Central Bank of Egypt (CBE) sold 91-day-maturity treasury bills (T-bills) on Sunday at a total of EGP 61.8 billion, the highest value for short-term T-bills sales since the beginning of 2022, surpassing the CBE’s target.
|
|
Al-Ahram Weekly
-
Egypt
8/31/2022 9:54:00 AM
Finance Minister Mohamed Maait slams foreign reports which claim Egypt is facing a financial crisis, reports Al-Ahram Weekly.
|
|
Business
-
Economy
8/29/2022 10:31:13 PM
Egypt has pledged to the International Monetary Fund (IMF) to attain the overall budget deficit at six percent of GDP and to raise the initial surplus by 1.6 percent in FY 2022/2023, Minister of Finance Mohamed Maait said on Monday.
|
|
Business
-
Economy
8/21/2022 2:16:25 PM
President Abdel-Fattah El-Sisi directed Sunday to keep the national budget on a safe financial and economic path as well as draw up a medium-term strategy that aims at reducing the debt-to-GDP ratio.
|
|
Al-Ahram Weekly
-
Egypt
8/15/2022 2:15:00 PM
Al-Ahram Weekly interviews UN Climate Change High Level Champion for Egypt Mahmoud Mohieldin about efforts to ensure climate financing pledges pay more than lip service
|