IMF loan

Govt details fuel subsidy rationing
Business

Govt details fuel subsidy rationing

  Egypt's government plans to cut energy subsidies by setting a universal limit on how much cheap fuel and cooking…
Loan negotiations could conclude by November, says IMF
Egypt

Loan negotiations could conclude by November, says IMF

The International Monetary Fund is optimistic that negotiations for a US$4.8 billion loan to Egypt could conclude by mid-November, said…
Qandil hopes for IMF agreement by end of October
Egypt

Qandil hopes for IMF agreement by end of October

Prime Minister Hesham Qandil said on Tuesday that Egypt would invite the International Monetary Fund to visit for talks about…
Qandil: IMF delegation to visit Egypt in late October
Business

Qandil: IMF delegation to visit Egypt in late October

A delegation from the International Monetary Fund will visit Egypt at the end of this month to resume talks over…
Finance minister says IMF delays loan talks
Egypt

Finance minister says IMF delays loan talks

The International Monetary Fund has delayed sending a team to Cairo to negotiate a US$4.8 billion loan while the Egyptian…
Clinton reassures Morsy on US assistance
Egypt

Clinton reassures Morsy on US assistance

Secretary of State Hillary Clinton reassured Egypt's new Islamist president on Monday that the United States would forge ahead with…
Moody’s keeps Egypt’s credit rating at B2
Business

Moody’s keeps Egypt’s credit rating at B2

  Moody’s decided on Thursday to maintain Egypt’s credit rating at B2 based on negative mid-range forecasts for the nation’s…
Public debt swelled, IMF loan pivotal, says finance minister
Business

Public debt swelled, IMF loan pivotal, says finance minister

Finance Minister Momtaz al-Saeed told the Shura Council on Wednesday that Egypt is in desperate need of the International Monetary…
Left criticizes IMF loan, but to little effect
Egypt

Left criticizes IMF loan, but to little effect

Leftist leaders have spoken out against a US$4.8 billion loan from the International Monetary Fund in past weeks. But with…
Qandil denies reports US will drop US$1 bn in debt
Business

Qandil denies reports US will drop US$1 bn in debt

Prime Minister Hesham Qandil denied on Tuesday reports that the US would drop US$1 billion from the country’s debt load.…
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