Egypt To Resume Talks Over IMF Loan Next January, Borrowing Is ‘Inevitable’
Egyptian Prime Minister Hisham Kandil said on Sunday the government is planning to invite the International…
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International Monetary Fund
Egypt Gets $500 Mln From Qatar, Says $500 Mln From Turkey Soon
Egypt has received a final $500 million installment of funds promised by Qatar and will get another $500 million…
New Tax Raises Aim At Fighting Evasion: Egypt’s Finance Minister
The recently announced tax hikes ratified by President Mohamed Morsi and revoked by him shortly after due to public…
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…
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…
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…
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…
IMF Discusses Granting US$4.8 Bln Loan To Egypt On December 19th
Ashraf Al Araby, Minister of Planning and International Cooperation, said Egypt is currently fighting to regain…
Bankers Differ On Impact Of Political Turmoil Over IMF Talks
Egypt is witnessing political turmoil after the eruption of violent clashes between protestors and security forces…