International Monetary Fund (IMF)
World Bank issues negative forecast for Egypt’s economy
Business
April 8, 2023
World Bank issues negative forecast for Egypt’s economy
The World Bank lowered its forecast for Egypt’s gross domestic product growth during the current fiscal year to four percent…
IMF anticipates US$ 2.5 billion in proceeds from Egypt’s asset divestment program
Egypt
January 17, 2023
IMF anticipates US$ 2.5 billion in proceeds from Egypt’s asset divestment program
The International Monetary Fund said that the expected proceeds from the ongoing state asset divestment program amount to $2.5 billion…
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
Main Slider
January 11, 2023
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
The Egyptian pound witnessed a historic low on Wednesday, hitting LE30 versus the US dollar in the money markets. Egypt…
IMF issues statement on exchange rate of currency in Egypt
Egypt
January 11, 2023
IMF issues statement on exchange rate of currency in Egypt
International Monetary Fund officials said that the Central Bank of Egypt is committed to allowing the exchange rate to reflect…
Egypt says to receive US$1 billion from IMF loan soon
Business
November 29, 2022
Egypt says to receive US$1 billion from IMF loan soon
Egyptian Finance Minister Mohamed Maait said that the loan agreed upon with the International Monetary Fund (IMF) amounting to about…
Egypt, IMF experts agree on new program, says finance min
Egypt
October 16, 2022
Egypt, IMF experts agree on new program, says finance min
Egypt has reached an agreement with the International Monetary Fund (IMF) about a new program that will be announced very…
IMF expects Egypt to achieve 4th highest growth rate among global economies
Business
July 31, 2022
IMF expects Egypt to achieve 4th highest growth rate among global economies
The Egyptian Cabinet’s Media Center said on Sunday that the International Monetary Fund expects Egypt to achieve the fourth highest…
Egypt starts talks on new IMF loan during spring meetings
Business
April 18, 2022
Egypt starts talks on new IMF loan during spring meetings
The annual spring meetings of the International Monetary Fund and the World Bank will kick off in Washington, DC with…
MP: reform program is behind World Bank’s expectations with 5.5% growth in Egypt economy
Business
January 17, 2022
MP: reform program is behind World Bank’s expectations with 5.5% growth in Egypt economy
Under secretary of the Senate’s Irrigation and Agriculture Committee, Gamal Aboul-Fotouh said on Monday that the success of the economic…
Yemen to get $655 mln of IMF reserves in new SDR allocation
Middle East
August 23, 2021
Yemen to get $655 mln of IMF reserves in new SDR allocation
ADEN, Aug 23 (Reuters) – Yemen will receive about $665 million worth of reserves from the International Monetary Fund (IMF)…