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"IMF"

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Business - Economy
12/16/2023 7:54:53 PM
British bank HSBC projected the Egyptian pound to experience devaluation, reaching EGP 40-45 against the US dollar, during the first quarter of 2024, according to a report by the bank on Friday.

Business - Economy
12/16/2023 7:32:13 PM
Despite Egypt’s racing time to fulfill its commitments under the $3 billion loan deal with the International Monetary Fund (IMF), 2023 witnessed no progress from the Egyptian side in terms of the completion of the first and second reviews under the programme.

Business - Economy
12/16/2023 7:31:47 PM
Amid the escalating geopolitical tensions due to the Gaza war, different scenarios emerged regarding Egypt’s $3 billion loan.

Business - Economy
12/10/2023 1:03:15 PM
Egypt’s annual headline inflation decelerated to 36.4 percent in November, down from 38.5 percent a month prior, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.

Business - Economy
12/7/2023 8:27:52 PM
The IMF is currently discussing with Egyptian authorities providing additional financing to ensure the successful implementation of the policy package for Egypt to help it withstand the repercussions of the recent conflict in the Middle East and its potential adverse impact on tourism revenues, Julie Kozack, the IMF’s Director of Strategic Communications (COM), told Ahram Online.

Business - Economy
12/5/2023 3:47:42 PM
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva expects the fund to increase the value of the loan provided to Egypt due to the impact of external factors on its economy, according to a statement on Tuesday.

Business - Economy
12/4/2023 4:04:21 PM
Egypt has revised down its growth projection for FY 2023/2024 to 3.5 percent, Hala El-Said, minister of planning and economic development, said on Monday.

Business - Economy
12/4/2023 2:03:22 PM
President Abdel-Fattah El-Sisi issued a new regulation on Monday, signaling the reconstitution of the General Assembly of the Sovereign Fund of Egypt (TSFE) under the chairmanship of Prime Minister Mostafa Madbouly.

Business - Economy
12/3/2023 4:45:23 PM
Egypt is ramping up restructuring efforts with the sale of ChillOut fuel stations to the private sector as part of the country's IPO programme, Hala El-Said, Minister of Planning and Economic Development, said on Sunday.

Business - Economy
12/3/2023 2:02:16 PM
The International Monetary Fund (IMF) is on the verge of advancing with the next steps in Egypt's $3 billion loan programme shortly, Kristalina Georgieva, the managing director of the fund, said on Saturday.

Egypt - Foreign Affairs
11/30/2023 11:08:28 PM
President Abdel-Fattah El-Sisi reviewed in a meeting with IMF Managing Director Kristalina Georgieva in Dubai on Thursday cooperation between Egypt and the International Monetary Fund (IMF) in light of the program to fully implement Egypt’s economic reforms.

Al-Ahram Weekly - Economy
11/21/2023 8:59:23 PM
Sherine Abdel-Razek reports on developments that could improve foreign-currency flows to Egypt

Business - Economy
11/18/2023 3:27:41 PM
Amid the devastating Israeli war on Gaza, the International Monetary Fund (IMF) is considering expanding Egypt's $3 billion loan programme by an unspecified amount, Kristalina Georgieva, the fund’s managing director, said on Friday.

Business - Economy
11/16/2023 11:53:38 PM
The International Monetary Fund approved a new loan agreement with Mexico on Thursday worth approximately $35 billion, to bolster the country's economy.

War on Gaza - War on Gaza
11/10/2023 6:23:19 PM
International financial aid can help "vulnerable countries" avoid being dragged into conflict such as that in Gaza, French President Emmanuel Macron said on Friday at an international summit, as he hailed aid to Jordan and Egypt saying it was "absolutely decisive" to limit the spread of confrontation.

Al-Ahram Weekly - Opinion
11/7/2023 6:41:13 PM
Gamal Wagdy suggests a rescue operation for the pound

Business - Economy
11/6/2023 3:26:06 PM
Egypt's Minister of Finance Mohamed Maait announced that draft legislation amending the income tax law will be presented for community dialogue soon, according to an official statement on Monday.

Business - Economy
11/5/2023 5:33:58 PM
Egypt is slated to secure a total of $5.5 billion in loans from diverse international partners and institutions, according to a recent report by the global rating agency Fitch.

Business - Economy
11/1/2023 5:09:44 PM
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is scheduled to hold its penultimate meeting for 2023 on Thursday to review key interest rates amid the latest economic developments on the local and global fronts.

Business - Economy
11/1/2023 4:00:00 PM
Egypt's Minister of Planning and Economic Development Hala El-Said chaired the first meeting of the new formation of the Sovereign Fund of Egypt (TSFE) on Wednesday, according to a statement by the planning ministry.

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