IMF

Egypt says formally requests US$4.8 bn IMF loan
Business

Egypt says formally requests US$4.8 bn IMF loan

Egypt has formally requested a US$4.8 billion loan from the International Monetary Fund, a spokesman for its president said on…
Central bank official: Foreign reserves may hit US$21.2 bn
Business

Central bank official: Foreign reserves may hit US$21.2 bn

  An official at the Central Bank of Egypt told a state-run paper that he predicted the country's foreign reserve…
Update: IMF chief to visit Egypt on 22 Aug, Cairo may seek $4.8 bln
Business

Update: IMF chief to visit Egypt on 22 Aug, Cairo may seek $4.8 bln

  International Monetary Fund chief Christine Lagarde will visit Egypt next week in a show of IMF support for Egypt's…
Finance minister: Negotiations with IMF resumed for $3.2 billion loan
Egypt

Finance minister: Negotiations with IMF resumed for $3.2 billion loan

The government is in contact with the International Money Fund to resume negotiations on a US$3.2 billion loan to Egypt,…
Living on borrowed time: Morsy’s political economics
Business

Living on borrowed time: Morsy’s political economics

President Mohamed Morsy is seeking to use public spending to build a base of support in diverse sectors of society,…
IMF to resume talks with Egypt after election
Business

IMF to resume talks with Egypt after election

IMF spokesperson Gerry Rice said Friday that the fund is ready to support Egypt during the transitional period and plans…
White gold: Are Egypt’s cotton industries beyond salvation?
Environment

White gold: Are Egypt’s cotton industries beyond salvation?

Egypt’s extra-long staple cotton, acclaimed to be the world’s finest, has been in a state of rapid decline for the…
Finance minister expects to get IMF loan by end-June
Business

Finance minister expects to get IMF loan by end-June

Egypt's government expects to seal a loan from the International Monetary Fund by 15 May, allowing the money to be…
Khairat al-Shater says Omar Suleiman presidency bid is an ‘insult’
Egypt

Khairat al-Shater says Omar Suleiman presidency bid is an ‘insult’

A bid for power by Hosni Mubarak's former intelligence chief is an insult to Egypt's revolution that, if successful, would…
Brazil wants BRICS united in World Bank choice
World

Brazil wants BRICS united in World Bank choice

BRASILIA - Brazil wants emerging economic powers to rally around a single candidate to lead the World Bank as developing…
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