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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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).
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Business
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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.
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Egypt
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Foreign Affairs
4/18/2022 10:18:18 PM
Minister of Foreign Affairs Sameh Shoukry was received on Monday by King Felipe VI in Madrid, Spain, where they discussed Egypt’s economic reform programme, green transformation, and preparations for the UN Conference of Parties on Climate Change (COP27), a statement by the foreign ministry said.
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Business
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Economy
3/27/2022 12:25:04 PM
Egypt’s anticipated programme with the International Monetary Fund (IMF) will target preserving the country’s gains from the previous economic reform programme, Minister of Finance Mohamed Maait said on Saturday.
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Egypt
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Politics
1/13/2022 12:01:48 PM
Egyptian President Abdel-Fattah El-Sisi has stressed that the International Monetary Fund (IMF) has not imposed the adoption of any obligatory tracks on Cairo when it applied for the global lender-backed economic reform programme in 2016, saying that they were very understanding.
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Egypt
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Politics
9/20/2021 7:46:56 PM
The president recounted in his speech that the Egyptian economic reform programme did not only receive international praise, but it also enabled the Egyptian economy to face the repercussions of the pandemic
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Business
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Economy
6/23/2021 6:09:00 PM
The decision was made to preserve Egypt’s gains from its economic reform programme and to maintain the country’s banking system’s stability
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Al-Ahram Weekly
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Egypt
5/6/2021 11:35:00 PM
The government is targeting increasing exports and industrial and agricultural output in a new economic reform programme
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Egypt
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Politics
4/25/2021 4:25:05 PM
Egypt's ministers of finance and planning also indicated that Egypt's economic reform programme helped the country face the COVID-19 pandemic
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Egypt
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Politics
2/8/2021 4:26:20 PM
Minister El-Said told the House that Egypt's economic reform programme made the economy more capable in absorbing the negative effects of the coronavirus pandemic and other shocks
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Business
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Economy
1/6/2021 1:44:23 PM
Mnuchin praises Egypt’s economic reform programme that has contributed in boosting the economy’s structure, contained COVID-19 spread and its repercussions
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Business
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Economy
12/29/2020 3:02:30 PM
As the year comes to a close, the country's economy survived the toughest test it faced since the launch of the economic reform programme in November 2016
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Business
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Economy
5/17/2020 6:37:30 PM
Egypt's economic reform programme has helped the country in countering the current coronavirus crisis, and in providing required support for affected sectors, Hala El-Said said
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