IMF
Update: Political groups stage march against IMF loan
Business
November 12, 2012
Update: Political groups stage march against IMF loan
A number of political groups staged a march Monday evening from the Egyptian Stock Exchange building in downtown Cairo to…
Egypt should implement economic reform to get loan, IMF official says
Egypt
November 12, 2012
Egypt should implement economic reform to get loan, IMF official says
An International Monetary Fund official said Monday that it is hard to set a definite time frame for granting Egypt…
IMF: Arab Spring economies to recover slowly in 2013
Business
November 11, 2012
IMF: Arab Spring economies to recover slowly in 2013
Most economies hit by the Arab Spring uprisings will recover only slowly next year as they grapple with high inflation…
IMF loan does not mean return of foreign investment, experts say
Business
November 7, 2012
IMF loan does not mean return of foreign investment, experts say
Egypt's leaders continued negotiations with an IMF delegation for a US$4.8 billion loan this week, sorting out the details of…
Egypt expects IMF decision within 10 days from talks
Business
November 5, 2012
Egypt expects IMF decision within 10 days from talks
The International Monetary Fund will make its final decision on Egypt's request for a US$4.2 million loan within 10 days…
IMF recommends govt let pound float, officials deny devaluation talk
Business
November 4, 2012
IMF recommends govt let pound float, officials deny devaluation talk
An October report from IMF’s Tokyo meeting, which Egyptian officials attended, recommends that the government allow the country’s currency to…
IMF and govt agree on economic program, official says
Business
November 1, 2012
IMF and govt agree on economic program, official says
A senior government official said Thursday there has been a convergence of views between the IMF and the Egyptian government…
Pound weakens to near 8-year low as IMF talks resume
Business
October 31, 2012
Pound weakens to near 8-year low as IMF talks resume
The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
IMF did not ask for devaluation of the Egyptian pound, says official
Egypt
September 29, 2012
IMF did not ask for devaluation of the Egyptian pound, says official
Central Bank of Egypt governor Farouk al-Oqda said that the Egyptian economy is getting better and that, contrary to…