IMF
IMF sending mission to Egypt for aid negotiations
Business
January 12, 2012
IMF sending mission to Egypt for aid negotiations
The International Monetary Fund confirmed Thursday it was sending a mission to Egypt to discuss possible financial aid to the…
The Arabs and West did not meet their promises for aid, says PM
Egypt
January 4, 2012
The Arabs and West did not meet their promises for aid, says PM
The West and Arab states have not fulfilled their promises of aid to Egypt, lamented Prime Minister Kamal al-Ganzouri in…
Government divided over IMF loan
Business
January 3, 2012
Government divided over IMF loan
Government officials have issued conflicting statements regarding the economic reform program that was designed in return for a loan of…
Egypt to keep 2011/12 deficit on target, says finance minister
Business
January 3, 2012
Egypt to keep 2011/12 deficit on target, says finance minister
Egypt will maintain its budget deficit at 8.6 percent of output for this financial year, its finance minister said on…
IMF plans to visit Egypt in January after canceling December visit
Business
December 28, 2011
IMF plans to visit Egypt in January after canceling December visit
The International Monetary Fund (IMF) said it postponed a visit to Cairo in mid-December for security reasons but plans to…
IMF cancels planned Cairo visit to negotiate loan
Business
December 26, 2011
IMF cancels planned Cairo visit to negotiate loan
The International Monetary Fund (IMF) cancelled a planned January visit in Cairo to negotiate a loan of US$3.2 billion, an…
Egypt negotiates 25 million-euro grant with EU, World Bank
Business
December 9, 2011
Egypt negotiates 25 million-euro grant with EU, World Bank
Egypt has negotiated a 25 million-euro grant for development projects with the European Union and World Bank, an official with…
Finance minister: Egypt will accept IMF funding package
Business
November 18, 2011
Finance minister: Egypt will accept IMF funding package
Egypt intends to accept a funding package of US$3.2 billion from the International Monetary Fund (IMF) it had rejected earlier…
IMF concludes visit to Egypt, no word on aid
Business
November 5, 2011
IMF concludes visit to Egypt, no word on aid
The International Monetary Fund wrapped up a mission to Egypt saying the country faced economic challenges but gave no word…
Should Egypt repay its $35 billion debt?
Opinion
October 30, 2011
Should Egypt repay its $35 billion debt?
Since Mubarak’s fall, steps are being taken to address the widespread corruption that occurred during his 30-year rule. The Illicit…