Egypt-IMF Talks To Be Resumed After New Year’s Holiday: El-Okdah
Dr. Farouk El-Okdah, Governor of Central Bank of Egypt (CBE), reviewed in his quarterly meeting with chairmen of…
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International Monetary Fund (IMF)
International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.
Talks With IMF Won’t Be Affected By El-Okdah’s Resignation: Experts
A number of bankers affirmed that if Farouk El-Okdah leaves his position as Governor of the Central Bank of Egypt…
Moody’s: Egypt Request to Delay IMF Loan Board Meeting Is Credit Negative
In a report issued today, rating agency Moody’s said Egypt’s request to the International Monetary Fund (IMF) to…
Fitch: IMF Delay Highlights Egypt Implementation Challenges
Egypt's decision to request a postponement of IMF board discussion of its programme to allow time for "social…
IMF Loan To Egypt Delayed Amid Political Turmoil
A vital $4.8 billion International Monetary Fund loan to Egypt will be delayed until next month, its finance…
Financial Times: Morsi Scrapes Tax Increases To Woo Electorate
Mohamed Morsi, Egypt’s Islamist president, has scrapped tax increases hours after they were announced, in an…
Despite Tax Hike Decree Halt, EGX 30 Fails To Close Above 4980 Pts
During the closing session of Monday, the Egyptian Exchange (EGX) has posted losses of EGP 3.05 billion as the…
IMF Chief Says U.S. Needs Balanced Solution For “Fiscal Cliff”
The United States needs a balanced, comprehensive approach to deal with the impending " fiscal cliff", a…
Egypt Struggle Seen Costing Morsi, Even If He Wins
The crisis unleashed by President Mohamed Morsi's bid to wrap up Egypt's transition on his own terms has eroded his…
Egypt’s Only Resort From Foreign Borrowing Is Lowering Budget Deficit: Al Araby
The Egyptian Minister of Planning and International Cooperation Ashraf Al Araby said the only way for Egypt to not…