Financial Institutions IMF bailout for Egypt seeks major cut in public debt Yomna Yasser Nov 12, 2016 0 The International Monetary Fund said Friday that its $12 billion bailout programme for Egypt is aiming to reduce…
Banks Egypt central bank receives IMF 1st tranche, foreign reserves surge to $23.3 bln Yomna Yasser Nov 11, 2016 0 The Central Bank of Egypt has received $2.75 billion from the International Monetary Fund on Friday, raising the…
Financial Institutions BREAKING: IMF board approves Egypt’s $12 billion loan deal Yomna Yasser Nov 11, 2016 0 The International Monetary Fund's executive board has approved its three-year, $12 billion loan to Egypt to support…
Financial Institutions S&P revises Egypt outlook to ‘stable’ citing IMF support Yomna Yasser Nov 11, 2016 0 Standard & Poor's (S&P) Global Ratings has revised early Friday Egypt’s sovereign credit outlook up to…
Financial Institutions IMF: Egypt to get $2.75 billion on Friday if board approves bailout Yomna Yasser Nov 10, 2016 0 The International Monetary Fund will disburse an initial $2.75 million loan tranche to Egypt on Friday assuming…
Financial Institutions As IMF deal nears, Egypt secures $2 billion in financing Yomna Yasser Nov 10, 2016 0 Egypt has secured $2 billion in financing from international banks, a day before the International Monetary Fund’s…
Banks IMF chief to urge board approve $12b Egypt loan Noha Gad Nov 9, 2016 0 International Monetary Fund (IMF) managing director Christine Lagarde said she would recommend the fund’s board…
Egypt News Cabinet to submit LoI to IMF within three days: Egypt’s FinMin Noha Gad Nov 7, 2016 0 Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12 billion…
Financial Institutions Egypt expects to sign IMF deal before November 11; says CIB chairman Yomna Yasser Nov 6, 2016 0 The International Monetary Fund will give its final approval on Egypt’s $12 billion lending programme before…
Financial Institutions IMF’s Lagarde calls Egypt currency devaluation a “welcome move” Yomna Yasser Nov 3, 2016 0 International Monetary Fund managing director Christine Lagarde has called on Thursday Egypt's historic currency…