International Monetary Fund

Finance minister: Egypt will accept IMF funding package
Business

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…
World Bank officials to visit Egypt again over borrowing
Egypt

World Bank officials to visit Egypt again over borrowing

World Bank officials plan to visit Cairo to examine the possibility of giving loans to Egypt, said Vakhtang Lejava, a…
Amid debt concerns, large World Bank projects continue
Business

Amid debt concerns, large World Bank projects continue

As Egyptian civil society calls for the eradication of debts incurred under former President Hosni Mubarak, Egypt’s government continues to…
Drop ‘dictator debt,’ activists and economists say
Business

Drop ‘dictator debt,’ activists and economists say

Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country…
Govt: IMF to toughen Egypt’s loan conditions
Business

Govt: IMF to toughen Egypt’s loan conditions

The International Monetary Fund (IMF) will impose more stringent conditions on loans to Egypt, a senior Egyptian government official told…
IMF delegation to visit Egypt over future borrowing
Business

IMF delegation to visit Egypt over future borrowing

International Monetary Fund (IMF) officials proposed to amend the conditions tied to Egypt’s request to borrow US$3 billion in June…
Authorities to investigate funding of unregistered NGOs
Egypt

Authorities to investigate funding of unregistered NGOs

The Egyptian government has filed a report on illegal foreign funding for civilian organizations, Minister of Planning and International Organization,…
Finance minister says Egypt won’t ask for IMF, World Bank loans
Business

Finance minister says Egypt won’t ask for IMF, World Bank loans

Egypt will not approach the International Monetary Fund (IMF) or the World Bank for loans, Finance Minister Hazem al-Beblawy said…
Egypt T-bill yields surge, foreign cash may be needed
Business

Egypt T-bill yields surge, foreign cash may be needed

Yields at Egyptian Treasury bill auctions have hit levels last seen during the 2008 global financial crisis and traders said…
Egypt discusses finance package with Saudi, UAE
Business

Egypt discusses finance package with Saudi, UAE

Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the United Arab Emirates that could…
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