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Business
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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.
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COP27
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Sharm El-Sheikh
11/6/2022 3:25:09 PM
Egypt’s President Abdel-Fattah El-Sisi received Kristalina Georgieva, managing director of the International Monetary Fund (IMF), and her accompanying delegation on the sidelines of the 2022 UN Climate Change Conference (COP27) being held in the Red Sea city of Sharm El-Sheikh 6-18 November.
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Business
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Economy
11/2/2022 12:47:41 PM
UN Special Envoy on Financing the 2030 Agenda for Sustainable Development Mahmoud Mohieldin was unanimously re-elected on Tuesday as an executive director at the International Monetary Fund (IMF), representing the Arab countries and Egypt, on Tuesday.
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Egypt
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Politics
11/1/2022 8:21:22 PM
The Senate – Egypt's consultative upper house - approved on Monday legislative amendments to a 2017 law that regulates government compensations paid out to contractors who suffer losses due to IMF-inspired liberalization policies, such as the EGP devaluation, and due to the phasing out of fuel subsidies.
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Business
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Economy
11/1/2022 5:43:00 PM
The Egyptian pound’s exchange rate declined to 24.2 against the US dollar at the end of Tuesday’s trading a few days after Egypt announced that it was adopting a "durably flexible" exchange rate regime in conjunction with a deal with the International Monetary Fund (IMF).
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Business
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Economy
10/31/2022 2:42:23 PM
The economies of Middle Eastern and North African countries were resilient this year, but double-digit inflation is expected to slow growth in 2023, the International Monetary Fund said Monday.
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Business
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Economy
10/30/2022 7:37:00 PM
The Egyptian pound’s exchange rate fell to 24 against the US dollar at the end of Sunday’s trading a few days after Egypt announced that it was adopting a "durably flexible" exchange rate regime in conjunction with a deal with the International Monetary Fund (IMF).
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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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Egypt
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Politics
10/28/2022 1:10:00 PM
The new $3 billion loan agreement with the IMF is a testament to the stability of Egypt's economy, PM Mostafa Madbouly said in a press conference on Thursday morning to announce the deal.
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Business
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Economy
10/27/2022 2:07:00 PM
Egypt has reached a 46-month staff-level agreement with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) with a loan worth about $ 3 billion.
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Business
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Economy
10/25/2022 10:51:06 PM
Reaching a deal with the International Monetary Fund (IMF) and launching an index for the Egyptian pound were among the top recommendations suggested by the Egypt Economic Conference 2022 as it concluded on Tuesday.
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Business
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Economy
10/24/2022 12:43:51 PM
Coherence between the monetary and financial policies are crucial for the Egyptian economy to navigate the ongoing global economic crisis, especially the accelerating inflation, said Egypt’s former Minister of Planning and International Cooperation Ashraf El-Araby.
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Al-Ahram Weekly
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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.
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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
10/15/2022 11:00:20 PM
The Egyptian government and the International Monetary Fund (IMF) have agreed to finalise their work to reach a state-level agreement “very soon,” IMF spokesperson Gerry Rice said on Saturday.
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Business
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Economy
10/15/2022 2:32:15 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah chaired on Friday the plenary session of the World Bank Group (WBG) and International Monetary Fund (IMF) Boards of Governors.
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Business
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Economy
10/14/2022 1:16:49 PM
Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour said cooperation with Egypt is very strong.
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Business
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Economy
10/13/2022 2:11:18 PM
Egypt's Finance Minister Mohamed Maait said that negotiations between Egypt and the International Monetary Fund (IMF) over a new financing package are going well, noting that both sides agreed on all aspects related to the package.
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World
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Region
10/12/2022 10:59:59 PM
The G7 and IMF pledged their steadfast financial support to Ukraine on Wednesday as the country reels from Russian missile strikes and needs billions of dollars in monthly aid.
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Al-Ahram Weekly
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Egypt
10/12/2022 11:13:00 AM
The Central Bank of Egypt is taking measures to support the Egyptian pound as inflation continues to rise
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