IMF
Egyptian pound to be devalued in September/October: Morgan Stanley
Business
August 2, 2023
Egyptian pound to be devalued in September/October: Morgan Stanley
US investment bank Morgan Stanley anticipates that the Egyptian pound’s exchange rate against foreign currencies will further decline during September…
IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
Business
July 25, 2023
IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
The treasurer of the Federation of Egyptian Chambers of Commerce (FEDCOC), Mohamed al-Fayoumi, said on Monday that the recent statements…
World Bank to finance Egypt with $7 bln over 6 years
Business
April 14, 2023
World Bank to finance Egypt with $7 bln over 6 years
The World Banks latest program within a framework of cooperation with Egypt is for the disbursement of US$7 billion to…
IMF agree on $15.6 billion loan package to Ukraine
World
March 22, 2023
IMF agree on $15.6 billion loan package to Ukraine
The International Monetary Fund (IMF) has agreed to supply Ukraine with a $15.6 billion loan to help stave off financial…
Global economic outlook slightly ‘less gloomy,’ Europe ekes out growth
World
January 31, 2023
Global economic outlook slightly ‘less gloomy,’ Europe ekes out growth
London CNN — The global economy will weaken this year as rising interest rates and Russia’s war in Ukraine continue…
IMF asks Egypt to limit army’s interference in the economy
Business
January 17, 2023
IMF asks Egypt to limit army’s interference in the economy
The International Monetary Fund asked Egypt to reduce the army’s interference in the economy, according to a rescue plan agreed…
Egypt obtains IMF loan worth $3 bln
Economy
October 27, 2022
Egypt obtains IMF loan worth $3 bln
The head of the International Monetary Fund (IMF) mission to Egypt announced in a press conference, on Thursday, held with…
Central banks add 270 tons of gold reserves so far in 2022
World
August 22, 2022
Central banks add 270 tons of gold reserves so far in 2022
Central banks around the world continue to add gold to their reserves, with 270 tons of gold added since the…
CBE decision to fix interest rate contradicts expectations: expert
Business
August 19, 2022
CBE decision to fix interest rate contradicts expectations: expert
The decision of the Monetary Policy Committee of the Central Bank came in contravention of the expectations of most international…
Egypt, IMF imminent to agree on new loan
Business
July 28, 2022
Egypt, IMF imminent to agree on new loan
An agreement with the International Monetary Fund (IMF) on a new cooperation program is imminent, and that the Egyptian government…