International Monetary Fund (IMF)
We do not favor increasing foreign loans, says FJP
Egypt
February 22, 2012
We do not favor increasing foreign loans, says FJP
The Freedom and Justice Party has yet to announce its official stance concerning borrowing from the International Monetary Fund, said…
Deficit in new budget exceeds LE140 bln
Business
February 7, 2012
Deficit in new budget exceeds LE140 bln
The total amount of resources in the new budget is estimated at LE350 billion and the deficit stands at LE141…
World Bank says Egypt requested US$1bn loan
Business
February 2, 2012
World Bank says Egypt requested US$1bn loan
The World Bank said on Thursday that Egypt has asked for a US$1 billion loan and it will launch talks…
Government devises new economic reform program
Business
January 29, 2012
Government devises new economic reform program
The government has put the final touches on a new economic reform program to resolve the current economic crisis. Government…
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Business
January 26, 2012
Egypt to seek US$1 bln in loans from World Bank, African Development Bank
Egypt plans to officially apply for US$1 billion in loans from the World Bank and the African Development Bank, the…
IMF loans are usury, says Salafi party
Egypt
January 19, 2012
IMF loans are usury, says Salafi party
The Salafi Nour Party has criticized the government for plans to borrow from international financial institutions rather than implementing an…
Egypt seeking political consensus for IMF rescue
Business
January 18, 2012
Egypt seeking political consensus for IMF rescue
WASHINGTON — Egypt is seeking to build a political consensus to back a much-needed financial support program from the International…
IMF delegation head: We won’t impose conditions for loan
Business
January 17, 2012
IMF delegation head: We won’t impose conditions for loan
The International Monetary Fund (IMF) will not impose conditions on Egypt in exchange for a loan of US$3.2 billion, Massoud…
Egypt signs US$200 million loan with World Bank
Business
January 17, 2012
Egypt signs US$200 million loan with World Bank
The Egyptian government is signing an agreement with the World Bank for a loan of US$200 million, Minister of Planning…
IMF has put no conditions on loan to Egypt, says minister
Egypt
January 16, 2012
IMF has put no conditions on loan to Egypt, says minister
Fayza Abouelnaga, Egypt’s Minister of Planning and International Cooperation, said on Monday that the cabinet has started negotiations with the…