CAIRO, July 27 (Xinhua) -- Egyptian Prime Minister Sherif Ismail said Wednesday that Egypt will negotiate with a delegation coming from the International Monetary Fund (IMF) getting a 7 billion U.S. dollars loan per year for three years, state-run Al-Ahram news website reported. "The IMF ...
"Though the government will likely face greater scrutiny from the IMF this time," Gaballah expects the IMF's requirements for a new loan would not be "tough," adding Egypt has managed to control inflation and unemployment rates based on the IMF's previous programs conditions. But the currency...
The article discusses the Egyptian government's plan to secure a loan from the International Monetary Fund (IMF) by the end of 2012 as part of efforts to improve the country's economy, as well as the discussions held between the IMF and Egyptian President Mohammed Morsi.Wall Street Journal ...
Egypt Discusses IMF Loan amid Fuel ShortagesEgypt's leaders were under increasing strain last night as a fuel shortage heaped pressure on the battered economy and officials met with world finance chiefs to discuss a multi-billion dollar development loan.Beach, Alastair...
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...
CAIRO - 14 May 2020: Deputy Governor of the Central Bank of Egypt (CBE) Rami Abul Naga said on Thursday that the new loan which Egypt will obtain from the International Monetary Fund (IMF) will not require additional economic reforms or add more burdens on people. ...
"this means that the egyptian economy has recovered," he said. the rise comes after the government secured a $12 billion loan from the international monetary fund. in order to qualify for that loan, the government imposed a set of tough economic measures, including subsidy cuts and the ...
Egypt officially turns to the IMF for a loan to cover a government deficit expected to reach 10% of GDP next year.
An introduction is presented to a special section on economic and political conditions in Egypt as of June 2013, with a focus on resistance to the administration of President Mohamed Mursi, government plans for a loan from the International Monetary Fund (IMF), and economic development projects. ...
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. ...