I (Nile News TV 27/10) i Media Reaction Egyptian media outlets reacted to the government's decision to increase key interest rate by 2%, as well as its deal to get a fresh loan from the IMF and other international organisations. B The deal is accompanied by a further currency ...
Egypt agreed a three-year, 12 billion dollars IMF loan program in November that is tied to ambitious economic reforms such as subsidy cuts and tax hikes. Egypt received an initial 2.75 billion U.S. dollars tranche from the IMF last November. Egypt's reform program began with a good start ...
CAIRO, Nov. 11 (Xinhua) -- The International Monetary Fund (IMF) executive board approved on Friday Egypt's request for a three-year 12 billion U.S. dollars loan, Egypt's state TV reported. Meanwhile, Governor of the Central Bank of Egypt (CBE) Tarek Amer told official MENA news agency...
The IMF package unlocked billions of dollars of additional funds from the World Bank and the European Union. On Friday, Egypt raised prices on a wide range of fuel products for the third time this year, with diesel and gasoline prices increasing by between 11% t...
The IMF loan and the CBE's decision to increase the interest rate will help gradually slow down the inflation rate over the coming four years to 4-5 percent as it used to be, which will be acceptable to average Egyptian citizens, the Egyptian economist said. ...
The new exchange rates come a week after the International Monetary Fund (IMF) completed its third financial review of Egypt, allowing the government to draw $820 million. That amount is part of a $8 billion bailout loan intended to support Egypt’s ailing economy, slowed by a shortage of...
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Egyptian authorities met with IMF staff on the sidelines of the IMF and the World Bank annual meetings held in Washington over October 10 - 16 to discuss the soon-to-be-announced economic reform package.
Egypt’s recent loan from the International Monetary Fund (IMF), of US$ 12billion, should ease the implementation of socially sensitive structural reforms, including the introduction of a value-added tax of 13%. The first installment of US$ 2.75billion was made available to Egypt’s government...
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