International Monetary Fund

IMF noted to arrive this week for 5th review of $8B loan program

Mon, 05 May 2025 - 01:44 GMT

This fifth review comes as part of the program signed with the IMF, following the Fund’s approval in early April to disburse the fourth tranche of the loan, valued at $1.2 billion.

IMF highlights Egypt’s economic recovery as it approves largest tranche of its $8B program

Wed, 12 Mar 2025 - 11:56 GMT

This follows a statement from the IMF's Executive Board, which acknowledged Egypt’s progress in stabilizing its economy despite ongoing external challenges.

IMF to review Egypt’s loan program on March 10, paving way for $1.2B

Sun, 02 Mar 2025 - 10:39 GMT

Pending approval, the country is expected to receive the fourth tranche of its loan agreement, valued at $1.2 billion.

IMF confirms 4th review to be finalized soon, potential $1.2B tranche to be released

Sun, 09 Feb 2025 - 11:37 GMT

The IMF's Executive Board is expected to consider both the fourth review of Egypt’s loan program and the discussions around the RSF in the coming weeks.

IMF lowers Egypt's economic growth projections for FY2024/2025, FY2025/2026

Sun, 19 Jan 2025 - 12:11 GMT

Similarly, the projection for FY2025/2026 has been revised down to 4.1 percent, compared to the previous estimate of 5.1 percent.

Egypt, IMF reach staff-level agreement on 4th EFF review to unlock $1.2B

Wed, 25 Dec 2024 - 06:50 GMT

“The Egyptian authorities have continued to implement key policies to preserve macroeconomic stability, despite ongoing regional tensions that are causing a sharp decline in Suez Canal receipts.”

Egypt’s expat remittances soar to $23.7B in 2024: CBE

Tue, 24 Dec 2024 - 12:59 GMT

October 2024 alone saw an exceptional 68.4% surge in remittances, amounting to $2.9 billion, compared to $1.7 billion in October 2023. This remarkable growth highlights the impact of recent economic reforms on financial inflows.

PM: Egypt capable to meet economic obligations despite regional challenges

Wed, 11 Dec 2024 - 02:25 GMT

Madbouly disclosed the government's plans to offer 11 companies for sale during the upcoming year, prominently featuring the military-affiliated Wataniya, Safi, Silo Foods, and ChillOut

PM says Egypt ‘will not repeat past mistakes’ on exchange regime as pound exceeds 49.5 per $1

Sat, 30 Nov 2024 - 07:56 GMT

Madbouly remarked on the historical perception within Egypt that a fixed exchange rate symbolized a state's robustness and endurance and that a flexible exchange rate system should be avoided

Egypt's updated privatization plan to be announced by end of November

Thu, 07 Nov 2024 - 12:02 GMT

Madbouly announced that the Investment Minister will unveil an updated privatization plan later this month

Egypt's PM and IMF Chief discuss economic reform progress

Sun, 03 Nov 2024 - 02:09 GMT

Madbouly announced that the IMF would begin its fourth review of Egypt’s loan program on Tuesday. This process could unlock over $1.2 billion in financing, providing essential support as Egypt continues its economic reform journey

IMF expects Egypt’s inflation rates to reach 17% during coming period

Sun, 03 Nov 2024 - 11:48 GMT

She anticipates that inflation rates could fall to 17 percent in the coming period, a goal backed by the IMF’s support of Egypt’s ongoing economic reforms.

IMF conducting study on impact of reforms on Egyptians before 4th review

Mon, 28 Oct 2024 - 01:51 GMT

New data is expected to reveal the effects of economic reforms on household spending following two years of currency devaluation and rising prices.

Maait accepts role as Arab countries, Maldives representative at IMF

Sun, 27 Oct 2024 - 12:13 GMT

He also thanked Prime Minister Mostafa Madbouly and the Egyptian government for their support during the nomination and voting process.

Egypt loses 70% of Suez Canal revenue due to Gaza war: IMF

Thu, 24 Oct 2024 - 01:57 GMT

She also announced plans to visit Egypt within 10 days to assess the country's economic indicators and review the situation in light of the regional and global developments affecting its economy.

IMF estimates strong recovery for Egypt’s economy in FY2025 in latest report

Wed, 23 Oct 2024 - 11:51 GMT

In the IMF’s latest World Economic Outlook report released on Tuesday, the fund revealed that Egypt recorded a real GDP of 3.8 percent in FY2023/2024, 1.1 percent higher than the IMF's earlier projection of 2.7 percent in July.

Sisi says Egypt to review situation with IMF if escalating burdens persist on people

Sun, 20 Oct 2024 - 02:37 GMT

Sisi said Egypt has lost about $6-7 billion in the last 10 months amidst ongoing regional and global repercussions

IMF announces new measures to reduce borrowing costs for member countries by 36%

Sun, 13 Oct 2024 - 10:48 GMT

These measures, approved by the IMF's Executive Board, are estimated to save member countries an estimated $1.2 billion annually.

IMF softened $8 billion loan program conditions during 3rd review in July

Tue, 27 Aug 2024 - 03:38 GMT

During the completion of its 3rd review of Egypt’s $8 billion loan program, the International Monetary Fund (IMF) adjusted and softened certain conditions attached to the program, providing the country more time to implement key reforms.

Egyptian entities pay LE150B claims to CBE by July 2024: IMF

Tue, 27 Aug 2024 - 12:12 GMT

The IMF emphasized the Ras El-Hekma deal's significance in curbing financing needs and debt levels.

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