International Monetary Fund (IMF)

Egypt’s finance minister expects first tranche of IMF loan in six weeks
Business

Egypt’s finance minister expects first tranche of IMF loan in six weeks

Egypt expects to receive the first $4 billion tranche of a $12 billion three-year IMF loan facility within six weeks,…
Egypt’s cabinet approves draft tax settlement bill amid IMF talks
Business

Egypt’s cabinet approves draft tax settlement bill amid IMF talks

Egypt's government approved a draft bill that would settle tax disputes, the cabinet said in a statement on Wednesday, a…
Egypt announces sharp rises in electricity prices as it aims to phase out subsidies
Business

Egypt announces sharp rises in electricity prices as it aims to phase out subsidies

Egypt will increase electricity prices by up to 40 percent for households as part of its plan to repair its…
Negotiations for $12 bn IMF loan going smoothly: finance minister
Business

Negotiations for $12 bn IMF loan going smoothly: finance minister

Finance Minister Amr al-Garhy has announced that talks with an International Monetary Fund delegation, which is currently visiting Cairo, have…
Egypt to sell 20-30% stakes in state firms slated for IPO
Business

Egypt to sell 20-30% stakes in state firms slated for IPO

Egypt will sell stakes of between 20 and 30 percent in state companies that it decides to float on the…
State-owned oil, banking and electricity firms to be privatized: Investment Ministry
Business

State-owned oil, banking and electricity firms to be privatized: Investment Ministry

The Egyptian government will target state-owned firms in the banking, petroleum and electricity sectors for the first wave of its…
Egypt’s external debt to reach $53.4 billion with IMF loan: minister
Business

Egypt’s external debt to reach $53.4 billion with IMF loan: minister

Egypt's Finance Minister Amr al-Garhy said in a television interview on Sunday that Egypt's external debt would reach $53.4 billion…
Gov’t meet with IMF over possible US$12 loan, some conditions refused
Egypt

Gov’t meet with IMF over possible US$12 loan, some conditions refused

A delegation from the International Monetary Fund (IMF) arrived in Egypt on Saturday for an official visit to discuss a…
IMF keen to support Egyptian economy with loan, boosting jobs: PM
Egypt

IMF keen to support Egyptian economy with loan, boosting jobs: PM

The Egyptian Prime Minister Sherif Ismail has commented on the planned visit of an International Monetary Fund (IMF) delegation, saying…
IMF mission in Cairo next week for talks on US$12bn bailout
Business

IMF mission in Cairo next week for talks on US$12bn bailout

The International Monetary Fund confirmed on Tuesday that Egypt has asked it for financial support program and said an IMF…
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