IMF

World Bank to finance Egypt with $7 bln over 6 years
Business

World Bank to finance Egypt with $7 bln over 6 years

The World Banks latest program within a framework of cooperation with Egypt is for the disbursement of US$7 billion to…
IMF agree on $15.6 billion loan package to Ukraine
World

IMF agree on $15.6 billion loan package to Ukraine

The International Monetary Fund (IMF) has agreed to supply Ukraine with a $15.6 billion loan to help stave off financial…
Global economic outlook slightly ‘less gloomy,’ Europe ekes out growth
World

Global economic outlook slightly ‘less gloomy,’ Europe ekes out growth

London CNN  —  The global economy will weaken this year as rising interest rates and Russia’s war in Ukraine continue…
IMF asks Egypt to limit army’s interference in the economy
Business

IMF asks Egypt to limit army’s interference in the economy

The International Monetary Fund asked Egypt to reduce the army’s interference in the economy, according to a rescue plan agreed…
Egypt obtains IMF loan worth $3 bln
Economy

Egypt obtains IMF loan worth $3 bln

The head of the International Monetary Fund (IMF) mission to Egypt announced in a press conference, on Thursday, held with…
Central banks add 270 tons of gold reserves so far in 2022
World

Central banks add 270 tons of gold reserves so far in 2022

Central banks around the world continue to add gold to their reserves, with 270 tons of gold added since the…
CBE decision to fix interest rate contradicts expectations: expert
Business

CBE decision to fix interest rate contradicts expectations: expert

 The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international…
Egypt, IMF imminent to agree on new loan
Business

Egypt, IMF imminent to agree on new loan

An agreement with the International Monetary Fund (IMF) on a new cooperation program is imminent, and that the Egyptian government…
CBE governor to chair annual meetings of World Bank Group and IMF in October
Business

CBE governor to chair annual meetings of World Bank Group and IMF in October

The World Bank Group has chosen Tarek Amer, Governor of the Central Bank of Egypt (CBE), to chair the upcoming…
Cash reserves within safe limits, cover six months: Banque du Caire head
Business

Cash reserves within safe limits, cover six months: Banque du Caire head

The Central Bank of Egypt uses its tools with flexibility and unconventional form to maintain price levels, Tarek Fayed, Chairman…
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