IMF loan
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…
Government plans new deficit-reduction steps
Business
November 11, 2012
Government plans new deficit-reduction steps
Egypt's government has proposed tax changes and reducing energy subsidies to cut a budget deficit running at about 11 percent…
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…
PM: IMF loan must support Egypt’s poor
Egypt
November 8, 2012
PM: IMF loan must support Egypt’s poor
Egypt will not accept a US$4.8 billion International Monetary Fund loan unless it is consistent with economic reform policies that…
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…
FJP leader: IMF loan approval contingent on adopting party’s economic reforms
Business
November 2, 2012
FJP leader: IMF loan approval contingent on adopting party’s economic reforms
A Freedom and Justice Party leader demanded Thursday that the Cabinet adopt the party’s economic reform program in order for it…
Government moves to rein in energy subsidy bill
Business
November 2, 2012
Government moves to rein in energy subsidy bill
The government has taken a first step to getting expensive energy subsidies under control, a key component of an economic…