IMF loan

Egypt prepares for third year of reform after IMF loan
Egypt

Egypt prepares for third year of reform after IMF loan

Egypt's government began elaborating the details for the third year of the economic reform program, after it received the first…
IMF bailout for Egypt seeks major reduction in public debt
Business

IMF bailout for Egypt seeks major reduction in public debt

The International Monetary Fund said on Friday that its $12 billion bailout program for Egypt aims to reduce the country's…
IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed
Egypt

IMF board approves Egypt’s $12 billion loan agreement, $2.75 billion disbursed

Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling…
Sisi meets state senior officials over economic measures
Egypt

Sisi meets state senior officials over economic measures

President Abdel Fattah al-Sisi held a meeting on Sunday with the Cabinet, the governor of the Central Bank of Egypt,…
Egypt to submit letter of intent to IMF within three days -fin min quoted
Business

Egypt to submit letter of intent to IMF within three days -fin min quoted

Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12…
Egypt PM expects IMF deal to be signed within two months
Business

Egypt PM expects IMF deal to be signed within two months

Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending program within two months, Prime Minister…
Cabinet to order more fuel-subsidy cuts as part of IMF plan: official
Egypt

Cabinet to order more fuel-subsidy cuts as part of IMF plan: official

The Cabinet is planning more cuts to fuel subsidies soon, in accordance to an agreement with the International Monetary Fund…
IMF chief foresees ‘prompt’ start of Egypt lending
Business

IMF chief foresees ‘prompt’ start of Egypt lending

Egypt may soon receive the first tranche of a crucial $12 billion aid package, the head of the International Monetary…
IMF official sees first payout to Egypt at around $2.5 billion
Egypt

IMF official sees first payout to Egypt at around $2.5 billion

The International Monetary Fund's initial loan payment to Egypt will be about $2.5 billion, a senior IMF official said on…
Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal
Business

Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal

Egypt is in advanced talks with Saudi Arabia to secure a new deposit worth $2-3 billion as part of about…
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