International Monetary Fund (IMF)

We do not favor increasing foreign loans, says FJP
Egypt

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

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

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

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

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

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

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

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

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

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…
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