Latest in Tag: Loan Highlight
Latest in Tag: Loan

Arab organisations speak out against EBRD
Economic and environmental concerns surrounding EBRD’s plans for SEMED region conveyed by regional groups

New finance minister: budget and tax reforms are priority
Fayyad Abdel Moneim is a former economics professor at Al-Azhar University

Egypt and the IMF: Between rhetoric & reality
By: Mohamed A. Fouad In a recently televised interview given to Al-Jazeera Channel, Egyptian president Mohamed Morsi has asserted that the delay in the International Monetary Fund (IMF) negotiations is largely due to “Egypt’s refusal to succumb to the IMF’s terms”. This marks the continuation of rhetoric which attempts to politicise a simple loan. This rhetoric …

Lagarde to BBC: Political instability hindered loan negotiations
Stability is sine qua non condition for loan, says IMF managing director

Morsi to visit Brazil in May
Final trip in series of BRICS member states visits

Prices for import cigarettes rise
Head of Tobacco Division at FEI denies official move to raise prices

IMF, Egypt: Loan deal ‘in weeks’
Lagarde: ‘IMF cannot be only the one’ to support Egypt

Presidency says Qandil remains in position, denies Russian loan request
Minister of Industry denies that Egypt requested a $2bn loan from Russia

Central Bank: No Qatari aid received yet
Libya has also promised to grant Egypt $2bn around the same time.

IMF refuses to comment on loan
Government ‘dreaming’ if it thinks it can secure IMF agreement during spring meetings, says economic expert

Russia snubs Morsi’s $2bn loan request
Russian President Vladimir Putin also turns down appeal from Morsi for wheat supplies

Sabahy: Morsi, FJP to lose in upcoming elections
The leading NSF figure criticises Morsi, discusses parliamentary elections and IMF loan

El-Badawi repeats his party’s demands
Al-Wafd Party chairman calls for replacement of the prosecutor general and the formation of a new government before elections and dialogue

Economic expert slams Qatar aid
Central Bank denies receiving any details about Qatari bond purchase deal

Sabbahi opposes IMF loan
Opposition figures like Amr Hamzawy voice concerns about the loan

IMF meets with opposition figures
Mohamed ElBaradei, Hamdeen Sabahy and Amr Hamzawy among opposition figures meeting International Monetary Fund delegation

Libya ‘grants Egypt $2 bn interest-free loan’
The loan is to be repaid within five years, with a three-year grace period

Qandil arrives in Doha
An Egyptian delegation led by Prime Minister Hesham Qandil arrives in Qatar on Tuesday evening to discuss eight new investment projects

IMF delegation returns to Cairo amid protests
Protestors marched from the High Court to the Cabinet to denounce the IMF loan

CBE: ‘Foreign currency reserves did not decline’
Egyptian Central Bank denies reports of commodity shortages, requests media to be cautious when discussing economic issues

Rebel economy wrap
Egypt’s Catch 22

Egypt invites the IMF to reopen negotiations
Minster of Investment Ossama Saleh said that Egypt hopes to conclude the deal by the end of April

Government took loans to improve potable water, people scream
World Bank $450m loan and $6.7m endowment is simply not enough to improve water and sanitation networks, says economic expert

Debt swap on hold
Deal includes projects in the fields of education and employment

Al-Nour party rejects EU loan
Badran: the loan is against the constitution
Egypt updates its economic plan to obtain IMF loan
The government is in the process of updating the economic plan it presented to the International Monetary Fund (IMF) in an attempt to secure the $4.8 billion loan desperately sought by Egypt. “One part is to see, go back and revisit those measures that they had put on hold, which they need to reinstate” and …

Morsy freezes tax hikes
Government retains the right to demand taxes

Firm conditions attached to Turkey’s loan to Egypt
The Egyptian government is required to present expenditure reports to the Turkish side
Qandil’s plan, high on aspirations low on detials
PM Qandil predicts 3.5 per cent growth this year
Subsidies on prime gasoline to end as IMF delegation leaves
Morsy government set to take steps toward economic reform although a formal economic plan to secure an IMF loan has not been released