foreign debt
Public debt swelled, IMF loan pivotal, says finance minister
Business
September 12, 2012
Public debt swelled, IMF loan pivotal, says finance minister
Finance Minister Momtaz al-Saeed told the Shura Council on Wednesday that Egypt is in desperate need of the International Monetary…
IMF to resume talks with Egypt in February
Business
January 19, 2012
IMF to resume talks with Egypt in February
The International Monetary Fund's meetings with Egyptian officials over a financial support program will continue into February, an IMF official…
Drop ‘dictator debt,’ activists and economists say
Business
October 28, 2011
Drop ‘dictator debt,’ activists and economists say
Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country…
Minister: Egypt’s foreign debts within safe limits
Business
October 11, 2011
Minister: Egypt’s foreign debts within safe limits
Egypt's foreign debts remain within the safe limits of International Monetary Fund (IMF) and World Bank standards, Planning and International…
Foreign reserves drop by US$7.2 bn
Business
June 23, 2011
Foreign reserves drop by US$7.2 bn
The Central Bank's May report revealed that Egypt's foreign reserves dropped by US$7.2 billion in ten months, to stand at…
Govt says it won’t relinquish national assets for debt relief
Business
June 12, 2011
Govt says it won’t relinquish national assets for debt relief
Egypt’s government has ruled out the possibility of ceding public assets and companies in return for debt relief. Minister of…
EU delegation: EU monitoring of elections up to Egyptian govt
Egypt
May 28, 2011
EU delegation: EU monitoring of elections up to Egyptian govt
Europe supports the democratic transformation in Egypt after the 25 January revolution, said Marc Franco, head of the European Union…
US denies reports on Egypt debt exemption
Egypt
May 9, 2011
US denies reports on Egypt debt exemption
The US Embassy in Cairo has denied any intention to cancel US$1 billion of Egypt’s debts to the US. A…
US forgives US$1 billion of Egypt’s debts
Egypt
May 8, 2011
US forgives US$1 billion of Egypt’s debts
The US will cancel an estimated US$1billion of Egypt's debts, the Washington Post reported on Sunday. The paper described the…
Committee to study role of president’s sons in foreign debt profiteering
Egypt
April 28, 2011
Committee to study role of president’s sons in foreign debt profiteering
Egyptian Attorney General Abdel Meguid Mahmoud has formed a committee to investigate the regulations in place for the settlement of…