Kristalina Georgieva

Egypt's loan program review to be completed within weeks: IMF’s Managing Director

Tue, 27 Feb 2024 - 09:51 GMT

The International Monetary Fund (IMF) resolved major issues with Egypt in its review of its $3 billion loan program, IMF’s Managing Director, Kristalina Georgieva, announced.

Working with Egypt 'high priority", significant progress made in economic reform discussions: IMF

Mon, 12 Feb 2024 - 03:48 GMT

This came during her meeting with Egypt’s Prime Minister, Mostafa Madbouly, on the sidelines of the World Government Summit in Dubai.

Anticipated increase in IMF support to Egypt of 'significant size': Kristalina Georgieva

Sun, 11 Feb 2024 - 03:36 GMT

The IMF team has reached the final stages to complete the first and second reviews of Egypt's program "within a few weeks”, according to Georgieva.

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

Gaza war impact on Egypt and neighbors “already visible,” IMF chief Georgieva

Wed, 25 Oct 2023 - 11:26 GMT

Highlighting the possible impact on tourism-dependent countries, Georgieva stressed that the uncertainty was a “killer” for tourist revenue inflows

Egypt achieves progress on economic fronts: IMF

Thu, 12 Oct 2023 - 05:11 GMT

"Egypt has succeeded. We are currently identifying the challenges to ensure its ability to make further progress and set a date for the review."

IMF’s Georgieva says pace of state projects may affect Egypt’s macroeconomic stability

Sun, 16 Apr 2023 - 05:12 GMT

Egypt is preparing for a review of its $3 billion IMF loan in order to receive its second tranche under the Extended Fund Facility (EFF), however, Egypt and the IMF have yet to agree on a review date

Offering gov’t companies on EGX ‘positive step’: IMF

Tue, 14 Feb 2023 - 04:43 GMT

Egypt is "one of the innocent countries that were injured by mistake, and that the government did a good job in reforming the country's economy.

Egypt takes important steps to avoid financial risks: IMF

Sun, 12 Feb 2023 - 04:42 GMT

Georgieva added that the fight against inflation remains a priority for world countries in 2023, expecting it to decline from 8.8 percent in 2022 to 6.6 percent this year and 4.3 percent in 2024.

Easy repayment plan for Egypt loan with a grace period of 10 years: IMF

Mon, 07 Nov 2022 - 03:15 GMT

Georgieva added in a TV interview after her meeting with President Abdel Fattah El-Sisi on Sunday that the payment terms for the loan are that Egypt will obtain a 10-year grace period, provided that it will take another 10 years to repay the principal. and interest.

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.

Egypt supports economy to overcome coronavirus crisis: IMF

Sun, 14 Feb 2021 - 09:22 GMT

Georgieva praised Egypt's expansion in social protection programs and the provision of credit to companies.

International Monetary Fund urges Egypt to proceed with monetary policy, successful reforms

Mon, 20 Jul 2020 - 10:24 GMT

Georgieva said the Egyptian state acted “very swiftly” once the coronavirus pandemic started to protect people and therefore protect the economy.

IMF praises Egypt's measures confronting COVID-19, comments on new package request

Mon, 27 Apr 2020 - 12:46 GMT

Georgieva added that the Central Bank of Egypt has also implemented timely measures to support the domestic economy.

PM, IMF chief discuss mutual cooperation in Washington

Wed, 16 Oct 2019 - 10:35 GMT

The meeting comes as part of a previous agreement to outline a new map for cooperation between Egypt and the IMF.

Egypt keen on continuing consultation with int'l financial institutions, says Sisi

Tue, 03 Sep 2019 - 05:19 GMT

President Abdel Fattah El Sisi reiterated on Tuesday his keenness on maintaining consultation with senior officials of international financial institutions to support economic development in Egypt.

World Bank's Kim to resign effective Feb 1, work on infrastructure

Mon, 07 Jan 2019 - 06:29 GMT

World Bank Group President Jim Yong Kim will resign effective Feb. 1, more than three years ahead of the expiration of his term in 2022.

Sisi, gov’t qualified Egypt to attract investment: Georgieva

Mon, 11 Dec 2017 - 08:01 GMT

chief executive officer of the World Bank praised President Abdel Fatah al-Sisi and the government for their efforts to reform Egypt.