economic reform program
IMF to review Egypt’s reform program twice in September
Economy
August 13, 2023
IMF to review Egypt’s reform program twice in September
A former advisor to the International Monetary Fund (IMF) Fakhry al-Fiqi said Saturday that the second review to the Egyptian…
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…
Central Bank of Egypt: financial stability index rose in June 2021
Egypt
February 9, 2022
Central Bank of Egypt: financial stability index rose in June 2021
The Financial Stability Report for 2020, issued by the Central Bank of Egypt on Monday, showed the success of the…
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…
Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook
Business
August 1, 2021
Moody’s keeps Egypt’s credit rating at B2 with Stable Outlook
Egyptian Finance Minister Mohamed Maait announced Saturday that the Moody’s credit rating institute has kept Egypt’s credit rating in both…
Central Bank of Egypt says foreign currency reserves up to $40.337 bn in March
Business
April 5, 2021
Central Bank of Egypt says foreign currency reserves up to $40.337 bn in March
The Central Bank of Egypt (CBE) announced on Sunday that international foreign currency reserves increased at the end of March…
Egypt anticipates US$1.6 billion from IMF within weeks
Egypt
November 21, 2020
Egypt anticipates US$1.6 billion from IMF within weeks
An International Monetary Fund (IMF) team led by Uma Ramakrishnan held a virtual meeting session with Egyptian officials from November…
IMF approves US$5.2 billion loan for Egypt against COVID-19
Business
June 27, 2020
IMF approves US$5.2 billion loan for Egypt against COVID-19
The International Monetary Fund (IMF) approved on Friday a 12-month US$5.2 billion Stand-By Arrangement (SBA) loan for Egypt. The new…
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
Business
June 7, 2020
Egypt’s US$ 5.2 billion IMF loan arrives in second half of June: Experts
The Egyptian government is set to receive its US$5.2 billion one-year International Monetary Fund (IMF) loan within the second half…
IMF approves US$2.77 billion support to Egypt to address coronavirus
Business
May 12, 2020
IMF approves US$2.77 billion support to Egypt to address coronavirus
The executive board of the International Monetary Fund (IMF) has approved Egypt’s request for emergency financial assistance of US$2.772 billion…