Egypt expects to receive a second installment, worth $1.2 billion, of a three-year International Monetary Fund loan in the second half of June. At a press conference, Finance Minister Amr el-Garhy announced that negotiations with [ More … ]
An International Monetary Fund team started its first review of Egypt’s $12 billion loan accord, with the debate on how best to curb inflation likely to take centre stage, according to Amwal al-Ghad, an Egyptian [ More … ]
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that Egypt’s annual headline inflation rose to 29.6% in January from 24.3 %in the previous month, hitting its highest level after the country’s decision to [ More … ]
Seeking to meet the International Monetary Fund demands, Egypt took unprecedented step of floating of its currency to trade freely as it announced a series of sweeping measures to stabilize an economy badly affected by a [ More … ]
The International Monetary Fund (IMF) arrived to Caro for a 14-day visit, during which time Egypt is expected to respond to IMF inquiries amid continued negotiations for a $12 billion loan. The visit is expected [ More … ]
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