IMF, foreign countries pledge to plug Egypt 2016/17 budget deficit: CBE chief
Egypt’s central bank has received assurances from the International Monetary Fund (IMF), G6 countries, China, and a…
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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.
IMF welcomes Egypt’s currency float move
The International Monetary Fund (IMF) has welcomed Egypt's decision to float its pound currency, it said in a…
Egypt gets closer to IMF loan with China currency swap deal
Egypt has reached a currency swap agreement with China valued at $2.7 billion, moving closer to meet the terms…
IMF expects board to consider Egypt $12 billion loan within weeks
The International Monetary Fund announced Thursday that a $12 billion loan programme for Egypt should soon be ready…
INTERVIEW: IMF’s Lagarde says Egypt exchange rate must be addressed
Egypt is facing a crisis in terms of foreign currency exchange rates which must be addressed, as the official rates…
Egypt to receive first $2.5 billion payout of IMF loan ‘in 15 days’
Egypt is set to receive the first $2.5 billion tranche of a $12 billion three-year loan facility from the…
INTERVIEW: IMF official says low oil prices still hurting Mideast
Oil-producing Mideast countries are coping with low global oil prices, yet more government reforms are needed, the…
Egypt secures 60% of finances required for IMF loan: PM
Egypt has succeeded in securing 60 percent of the $6 billion in financing required to receive a loan from the…
U.S. working with G7 countries to finance IMF Egypt programme: official
The United States views the International Monetary Fund's proposed $12 billion bailout for Egypt as "essential" and…
Egypt to gather additional $6 billion needed for IMF deal: FinMin
Egypt's Finance Minister Amr el-Garhy said Monday his country would gather an additional $6 billion in bilateral…