International Monetary Fund

Egypt announces fuel price hikes
Business

Egypt announces fuel price hikes

  Egypt's government announced new fuel prices for many sectors of the economy on Tuesday, which industry sources said were…
GDP grows 2.4% in first half of fiscal year
Business

GDP grows 2.4% in first half of fiscal year

Egypt’s economy grew 2.4 percent during the first half of the current fiscal year, according to a Cabinet statement Wednesday.…
IMF will decide when to visit Cairo after reviewing Cabinet’s reforms
Egypt

IMF will decide when to visit Cairo after reviewing Cabinet’s reforms

The government is working to amend its economic reform program before it agrees on the date of an International Monetary…
IMF postpones loan talks, again
Egypt

IMF postpones loan talks, again

The International Monetary Fund has once again postponed negotations on a long-awaited US$4.8 billion loan to Egypt, said a government…
Minister: consultations with IMF continue
Business

Minister: consultations with IMF continue

Egypt's consultations with the International Monetary Fund is on-going at all levels, said Finance Minister Morsy Hegazy said on Thursday,…
IMF loan negotiations continue despite violence
Business

IMF loan negotiations continue despite violence

Finance Minister Morsy Hegazy said on Wednesday that talks with the International Monetary Fund are progressing, despite violence plaguing several…
IMF may postpone loan agreement by months
Business

IMF may postpone loan agreement by months

Prime Minister Hesham Qandil and International Monetary Fund (IMF) head Christine Lagarde met on Thursday to discuss the future of…
IMF to review Egyptian budget before resuming loan talks
Egypt

IMF to review Egyptian budget before resuming loan talks

The IMF's director for the Middle East and North Africa, Masood Ahmed, said Saturday that the fund is reviewing Egypt's…
Lagarde: Egypt must endorse IMF loan deal as its own
Business

Lagarde: Egypt must endorse IMF loan deal as its own

Egypt's government must endorse a US$4.8 billion IMF loan agreement and propose it to the Egyptian people as its own…
IMF wants pound value to drop against US dollar, says official
Business

IMF wants pound value to drop against US dollar, says official

The International Monetary Fund has criticized the Central Bank of Egypt for its delay in allowing the Egyptian pound’s value…
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