Latest in Tag: IMF loan Highlight
Latest in Tag: IMF loan
Rise in electricity prices not related to IMF loan: Shaker
Electricity budget is marked at EGP 52bn for the fiscal year 2016/2017, government subsides at EGP 29bn
The Economist’s biased reports will not affect IMF deal: economists
Al-Sisi has gone “beret in hand” to the IMF for a $12bn bailout, says The Economist
In Cartoon: Egypt’s poor will suffer the burden of the IMF’s loan conditions
Is pressure for Egypt’s reform coming from the IMF or from oil prices?
While the IMF conditionality is the focus of the reform agenda, oil prices may be driving government considerations
In Cartoon: Is the IMF taking Egypt down the right path?
Call for parliament members to discuss IMF Loan
Al-Sadat invited all political forces and party leaders for a consultative meeting on Monday to tackle issues around the expected three-year loan
Egypt’s private sector celebrates IMF conditionality while government sighs in relief
Egypt’s private sector has largely celebrated the news of the IMF loan, which the government hopes will galvanise private sector involvement with development, says Renaissance Capital
In Cartoon: Egypt’s changing ways in search for an IMF loan
Daily News Egypt reveals negotiation points between IMF, Egypt over $12bn loan
Allowing the Egyptian pound’s exchange rate to move both directions based on supply and demand and deciding a timetable for the implementation of reforms under the fund’s supervision are among the topics to be negotiated
Recommendations to form purchasing centres in case EGX remains above 7,793 points this week
The Egyptian Exchange (EGX) is facing a tough challenge this week as it attempts to continue its upward direction, after the good performance it recorded last week. Technical analysts and executives at brokerage firms said that the market’s ability to go beyond 8,000 points would cause it to continue moving upwards. Experts advised investors to …
IMF loan best solution for Egypt at the moment: banking leaders
Egypt needs this particular loan in light of the suffering economy, says El-Qosayer
Will the IMF loan be the answer to Egypt’s currency crisis?
The time is right to abolish foreign currency exchange control, says Beltone
Egypt targets $21bn loan over 3 years to finance economic programme
IMF to offer $12bn, while the World Bank, AFDB, and international bonds will secure the remainder of the loan
US dollar loses over 50 piastres on informal market following announcement of $12bn loan from IMF
The US dollar is likely to see more depreciation in the coming period, says El-Etreby
EGX jumps 5% during Wednesday trading, supported by IMF loan
The expected $12bn loan agreement with the IMF prompted institutions to increase purchases, amid expectations of further devaluation of the pound, says capital market expert
Government may revise its economic reform programme with the IMF loan: El-Araby
The government may modify its programme that was previously submitted to the parliament in order to match the International Monetary Fund’s (IMF) negotiation requirements, according to Ashraf El-Araby, member of the Economic Committee in the House of Representatives and former adviser to the IMF. The parliament will then vote again to approve it. El-Araby added …
IMF waiting for the “right time” for loan negotiations
The global lender said all discussions are being held with the technical team from the Central Bank of Egypt and the Ministry of Finance
Egypt negotiating $500m loan with Saudi Arabia
Darrag told Reuters that, “the loan will come as part of a Saudi finance package provided to Egypt, lent at 3% interest, and set to be paid back over a period of 8 years, after a 2-year initial grace period.”
Sabahy meets British ambassador
Al-Tayar Al-Sha’aby founder stresses the peaceful nature of 30 June protests
EU rep: Arab countries should listen to their citizens
European Union representative encourages democratic process in Arab world
Kerry urges Morsi to make progress on economic reforms
Reform measures hampered by unrest and lack of political support for plans
IMF says Egypt loan talks ‘must reflect evolving conditions’
Fund spokesman said that no new IMF mission to Egypt has been discussed or scheduled.
ElBaradei: Current situation may lead to angry, hungry people
IMF is essential to economic recovery
IMF delegation still ‘committed to supporting Egypt’
International Monetary Fund welcomes Egyptian authorities’ determination to complete the economic reform
Egypt, US sign $190m deal
US Ambassador to Egypt Anne Patterson called the deal a ‘down payment on Egypt’s promising future’
IMF loan talks to resume in March
IMF loan negotiations with Egypt are to resume early March after talks were postponed due to the country’s political turmoil and economic slump, Morsi’s recent austerity measures aim to make Egypt eligible for the loan
Government proposes alternative economic plan for IMF loan
An economic reform programme is Egypt’s last hope to save the economy should the IMF loan negotiations fail. Concerns, however, have been raised about difficulties in implementing the plan
Moody’s downgrades Egyptian government bonds to B3
The credit-rating agency is maintaining the rating on review for possible further downgrade
Morsy meets EU council president for talks on economic, political developments
EU still pledges to offer Egypt promised €5 bn grant
Egypt’s central bank chief resigns
State television had announced his resignation last month, which was quickly denied by the government