imf loan

IMF mission prolongs stay as Egypt pushes to increase loan to $10B

Thu, 01 Feb 2024 - 02:43 GMT

Separate sources have confirmed to news outlets that the Egyptian government has reached an agreement in principle with the IMF, which includes the release of the remaining $3 billion from the loan

Georgieva, the IMF is “seriously considering” augmenting Egypt’s $3B loan

Sun, 19 Nov 2023 - 11:18 GMT

Georgieva’s comments, during the Asia Pacific Economic Cooperation Summit on Friday, backed up media reports in October that stated that Egypt and the IMF were discussing implementing an increase of up to $5 billion

Egypt reportedly in talks with IMF to increase current loan to $5B

Sun, 15 Oct 2023 - 11:42 GMT

According to people familiar with the discussions, Egypt is aiming to increase its Extended Fund Facility (EFF) loan from $3 billion to $5 billion, adding that the government is confident that it can address any obstacles related to the current package

IMF is waiting for more reforms before disbursing its second tranche of loan to Egypt says Bloomberg

Sun, 16 Apr 2023 - 03:24 GMT

The fund is also looking for increased privatization deals for state assets and genuine flexibility in Egypt’s currency, the unnamed sources revealed to Bloomberg

Egypt denies social ‘rumors’ amid economic austerity measures

Sat, 12 Jan 2019 - 11:44 GMT

Egypt has taken austerity measures and gradually removed the governmental subsidies on many factors including, electricity, fuel, and social supplies to meet the IMF conditions.

Egypt raises fuel prices for 4th time as part of IMF deal

Sat, 16 Jun 2018 - 08:10 GMT

Egypt has raised fuel prices to meet IMF loan's terms that entail the complete removal of fuel subsidies.

Pound devaluation in favor of Egypt’s exports: Minister

Tue, 08 Aug 2017 - 09:16 GMT

Egypt’s exports increased 9.4 percent to $14 billion in the period between November 2016 and June 2017, after the devaluation.

Sisi meets with ministers on security and economic situation

Sat, 15 Jul 2017 - 07:54 GMT

Sisi on Saturday discussed with relevant ministers the security and economic developments, including subsidies, price control and the economic reform program.

Egypt’s foreign reserves surge to $28.6B

Wed, 03 May 2017 - 04:00 GMT

Egypt's foreign reserves have recorded their highest level since 2011, climbing to $28.64 billion at the end of April.

What Will The IMF Loan Mean For Egypt?

Mon, 26 Sep 2016 - 06:12 GMT