Agreement with IMF may take a month or two: Finance Minister

Thu, 22 Sep 2022 - 05:27 GMT

Maait added that the government is also exploring financing options that include affordable loans from China and Japan.

Negotiations for Egypt to obtain new financing progressing according to set schedule: IMF

Mon, 19 Sep 2022 - 03:51 GMT

Azour explained in a TV interview, that after reaching an agreement with Lebanon in April, there is a set of measures that the government must expedite to take in order for this program to be presented to the Fund's management, and negotiations with Tunisia have begun during the past months and are continuing and progressing.

IMF did not ask to cut subsidies on bread, food commodities: Finance min.

Tue, 30 Aug 2022 - 04:02 GMT

Maait said that the State achieved a primary surplus for the fifth year in a row, at a value of LE 100 billion, at a rate of 1.3 percent of GDP.

PM: IMF welcomes Egypt's social protection program, does not force state to take measures harming citizens

Thu, 25 Aug 2022 - 07:39 GMT

The International Monetary Fund (IFM) welcomes the government's social protection programs and does not force the state to take measures that harm Egyptian citizens, affirmed Prime Minister Moustafa Madbouli on Thursday.

Egypt in final stage of talks with IMF on new funding: PM

Mon, 22 Aug 2022 - 02:59 GMT

The Egyptian government is in the final stage of talks with the International Monetary Fund on a new funding, Prime Minister Mostafa Madbouli said during the Logos Coptic Youth Forum on Monday.

IMF maintains Egypt's growth rate at 5.9% in 2022, lowers it to 4.8% in 2023

Tue, 26 Jul 2022 - 04:58 GMT

In its July update of the World Economic Outlook released today, the IMF expected that the Egyptian gross domestic product (GDP) in 2023 would register a growth of 4.8 percent.

CBE's Tarek Amer to chair October meeting of WB, IMF

Thu, 26 May 2022 - 04:37 GMT

Amer will address the opening meeting as well as the presidents of the WB and IMF.

COP27 Champion says approach to climate change mitigation, adaptation not fair

Mon, 23 May 2022 - 11:49 GMT

The COP 27 Champion pointed out that Africa’s contribution in emissions is just 3-4%.

Egypt’s int’l cooperation min., LSE's Stern urge encouraging mobilization of climate finance at COP27 in Nov.

Mon, 25 Apr 2022 - 10:55 GMT

Mashat’s meeting with Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics, came on the sidelines of the 2022 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington.

Egypt’s int’l cooperation min. urges continuous global cooperation to develop solution amid Ukraine crisis at G24 meeting

Sat, 23 Apr 2022 - 06:29 GMT

This came as she participated in the Intergovernmental G24 Ministers and Governors Meeting, which is being held in conjunction with the WBG and IMF’s 2022 Spring Meetings.

Egyptian gov't takes upon itself to go on with tangible economic reforms: IMF

Wed, 20 Apr 2022 - 07:55 GMT

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said the Egyptian government had made remarkable progress in implementing its economic reforms program.

IMF: GDP in Middle East expected to grow by 4.6% in 2022

Tue, 19 Apr 2022 - 05:13 GMT

Countries in the Middle East, North Africa, Caucasus, and Central Asia regions are highly exposed to rising global food prices, particularly the price of wheat, which is expected to remain high throughout the year and into 2023.

IMF raises its forecast for growth of Egyptian economy to 5.9% in 2022

Tue, 19 Apr 2022 - 03:30 GMT

In its latest World Economic Outlook issued Tuesday, the IMF expected that Egypt's gross domestic product (GDP) in 2023 would grow by 5 percent.

War, stagflation threaten global economy as pandemic recovery slows

Tue, 19 Apr 2022 - 03:23 GMT

Mounting price pressures, slipping output expansion and sagging confidence will all pose a drag for most countries, according to the latest Brookings-FT tracking index.

Lebanon deputy PM announces country’s bankruptcy, voices hope over IMF deal

Mon, 04 Apr 2022 - 02:10 GMT

Lebanese Deputy Prime Minister Saada Al-Shami announced, Monday ‘the bankruptcy of the state and the Central Bank of Lebanon’.

New program with IMF to support structural reforms- minister

Thu, 31 Mar 2022 - 03:05 GMT

Maait’s remarks came after his meeting with IMF director Kristalina Georgieva which was held on the sidelines of the World Government Summit 2022.

IMF commends Egypt's interest in investing in irrigation, education, health

Wed, 30 Mar 2022 - 02:19 GMT

Given the fact that Egypt will play host to an important climate conference or COP27 late this year, followed by UAE in 2023, she added in remarks at the World Government Summit 2022 (WGS2022).

Egypt requests talks with IMF over new economic support program amid Ukraine crisis

Wed, 23 Mar 2022 - 09:54 GMT

Egypt has submitted a request to the International Monetary Fund (IMF) to start negotiations about a new program that seeks to support Egyptian state’s plans of national comprehensive economic reform, the Egyptian Cabinet said.

IMF calls for strong support for Egypt during its hosting of COP27

Sun, 13 Mar 2022 - 05:23 GMT

This came in a video conference during the graduation ceremony of the first batch of the "Be an Ambassador for Sustainable Development" initiative and the launch of the Road to the Cop27 initiative.

IMF warns war in Ukraine will have "severe" impact on global economy

Sun, 06 Mar 2022 - 02:15 GMT

Energy and commodity prices—including wheat and other grains—have surged, adding to inflationary pressures from supply chain disruptions and the rebound from the Covid‑19 pandemic.