Latest in Tag: IMF loan Highlight
Latest in Tag: IMF loan
IMF answers 10 key questions about Egypt economic reform programme
aims to make Egypt’s currency more flexible, strengthen competitiveness, improve the availability of foreign exchange, support exports and tourism, and attract foreign direct investment
Egypt stocks likely to extend gains with second tranche of IMF loan, foreigners’ purchases
EGX 30 rises 3.5%, or 452 pts, in a week to an all-time high level of 13,822.59
Authorities took right measures to rein in inflation, reduce budget deficit: Lagarde
The approval of the Industrial Licensing Law and the New Investment Law by the parliament are a positive step in the right direction
Interest rate’s increase temporary, related to IMF loan: Egypt Support Coalition
The government is criticized for its inability to control price hikes
IMF supports Egypt’s economic efforts
Egypt implements an economic reform programme that aims to provide more job opportunities
Living abroad is hard, I wish to come back to Egypt: Ghali
IMF loan was necessary, Ghali says
Press conference on Egypt request for IMF loan
Press conference on Egypt request for IMF loan
Finance Minister announces terms of IMF loan agreement
Agreement includes passing bankruptcy law, and canceling fuel subsidies in 3-5 years
Pound flotation, signing of IMF loan agreement to contribute to reviving real estate investment: Coldwell Banker
Real estate sector nominated to grow by 30% annually
UK supports Egypt in achieving its full economic potential
The British Embassy in Cairo released on Monday parts of the UK statement during the International Monetary Fund (IMF) board discussions on 11 November. The statement noted that the UK played a vital role in the IMF’s decision, as a founder and important contributor to the fund. The statement noted that the UK congratulates the …
Al-Sisi avows protection of low-income citizens as economic reform programme makes headway
The president met with ministers and key figures following the IMF’s approval of the $12bn loan
Egypt successfully secures $12bn IMF loan, to be repaid over 10 years at interest rate of 1-1.5%
The economic reform programme is by the Egyptian government for the Egyptian people to help the Egyptian economy, says Lagarde
Egyptians struggle to cope after two uprisings: analysts
Egyptians worried about future given political and economic conditions
IMF loan and proceeds of bonds pushes EGX to restore historic levels
Funding will push the EGX past the foreign exchange fluctuations to target 11,200 points this week, say investment managers
Floatation decision may increase poverty rates in Egypt to unprecedented levels: ECESR
Inflation will not decrease to 20% by the end of this year, as it could increase up to 30% by the middle of next year, according to the report
US business delegation visits Egypt to support IMF loan agreement
Washington is keen to coordinate with major industrial countries in order to provide the financing necessary to enable Egypt to obtain the International Monetary Fund (IMF) loan, said the senior adviser to the US secretary of state, David Thorne. Thorne arrived in Cairo on Sunday evening, heading a trade and investment delegation that includes representatives …
Egyptians’ support for IMF loan connected to their understanding of economic reform programme: El-Erian
International economic expert Mohamed El-Erian said that Egypt’s success in handling the International Monetary Fund (IMF) loan is subject to the economic reform programme being written by Egyptians in order to take the citizens’ situation into consideration. El-Erian added, in an interview with TV anchor Lamis El-Hadidi on CBC channel from the United States (US), …
Remainder of $6bn in additional funds to be secured in 2 weeks to guarantee IMF loan: El-Garhy
Minister of Finance Amr El-Garhy announced on Monday that Egypt will secure an additional $6bn from foreign institutions to guarantee the agreement for a $12bn loan from the International Monetary Fund (IMF) over a two-week period. In August, the IMF initially agreed to grant Egypt a $12bn three-year loan to support the government’s economic reform …
Egypt cannot afford to postpone the IMF loan: expert
During his meeting with the editors-in-chief of national newspapers on Friday, President Abdel Fattah Al-Sisi talked about the loan that Egypt is seeking from the International Monetary Fund (IMF). This was the first time that the president tackled the country’s negotiations with the IMF, as he ensured that economic reforms will be implemented and …
IMF Middle East Development director hopes Egypt can secure $6bn by end of month to receive $12bn loan
Egypt in ongoing negotiations with China, Saudi Arabia, and G7 states to provide funding for financing gap, says Masood Ahmed
Egypt secures required finances to obtain IMF loan
Egypt will release dollar bonds at an interest rate of 6-6.5% by the end of October
US-Egypt Business Council supports government’s request for IMF loan
The successful implementation of this agreement will help Egypt transition to a more market-oriented economy with a robust private sector, says USEBC chairperson
In Cartoon: Is the IMF loan a trap?
The feasibility of Egypt’s IMF loan
On 11 August, the International Monetary Fund (IMF) announced that it had reached an initial agreement with Egypt to lend the country $12bn over a three-year period, joining Iraq, Tunisia, and Jordan in taking money from the Washington-based fund. Egypt’s programme is likely to see the government of President Abdel Fattah Al-Sisi move toward a …
International creditors celebrate Egypt’s IMF loan: Moody’s
Egypt’s economic and financial strength, debt, and risk levels remain unchanged despite notable government improvements, says investor service
In Cartoon: Asking the poor to bear the biggest burden
EFIA supports IMF loan, says not enough
IMF loan needs to be facilitated, supported with economic reforms, such as increasing taxes, activating VAT policy, collecting old taxes, says Khamees
In Cartoon: Egyptians unlikely to benefit from the recent IMF loan
Political parties, figures sign petition asking Al-Sisi to suspend IMF loan
Signatories of the letter view the IMF loan as a “demolition tool” to the economy
The IMF loan: a possible success or failure?
Some people adopt points of view based on a somewhat ideological basis. At the moment, some people either accept or refuse the idea of obtaining a loan from the International Monetary Fund (IMF), despite many countries having made good use of their loans—though some have not. While writing this article I discovered that Al-Youm Al-Sabea …