International Monetary Fund (IMF)

Minister: Egypt asked IMF for $3.2 billion loan
Business

Minister: Egypt asked IMF for $3.2 billion loan

Egypt has asked the International Monetary Fund for US$3.2 billion in support, a government minister said on Monday, as the…
As Egypt returns to IMF, transparency still lacking
Business

As Egypt returns to IMF, transparency still lacking

Though largely billed as the country’s best and last hope to balance a growing budget deficit and to alleviate a…
US senator Kerry: Economy is Egypt’s main problem
Egypt

US senator Kerry: Economy is Egypt’s main problem

CAIRO — Egypt urgently needs a massive cash injection and should strike a deal with the International Monetary Fund as…
Military official sees Egypt foreign reserves plunging
Business

Military official sees Egypt foreign reserves plunging

Egypt's foreign reserves will plunge by a third to US$15 billion by the end of January and the budget deficit…
Egypt says IMF options open, has not asked for funds
Business

Egypt says IMF options open, has not asked for funds

Egypt is open to IMF funding, but the country has not made any formal request for aid since turning down…
Egyptian government considers IMF loan package again
Business

Egyptian government considers IMF loan package again

The Egyptian government is considering an International Monetary Fund (IMF) loan package that was rejected in the past, said Deputy…
Sharaf: IMF to support Egypt’s infrastructure projects
Egypt

Sharaf: IMF to support Egypt’s infrastructure projects

Prime Minister Essam Sharaf said the IMF has decided to provide aid to Egypt to support infrastructure projects, without mentioning…
Egypt’s Finance Minister does not rule out return to IMF
Business

Egypt’s Finance Minister does not rule out return to IMF

Egypt's finance minister-designate told Reuters on Tuesday that the government was committed to a market economy and to creating an…
IMF places US$3bn at disposal of Egypt
Business

IMF places US$3bn at disposal of Egypt

The International Monetary Fund (IMF) has placed US$3 billion at the disposal of Egypt to use whenever it wishes, even…
Egypt rejection of IMF cash may slow recovery
Business

Egypt rejection of IMF cash may slow recovery

Egypt's decision to scrap plans to borrow from the International Monetary Fund may slow an economic recovery, delay a solution…
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