International Monetary Fund

IMF expects Egypt's losses in tourism revenues to exceed 2% in 2020 due to COVID-19

Wed, 05 Aug 2020 - 02:27 GMT

This expectation is also implied on large net tourism exporters, such as Costa Rica, Greece, Morocco, New Zealand, Portugal, Spain, Sri Lanka, Thailand, and Turkey.

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 Slashes Middle East and Central Asia Growth Forecasts

Mon, 13 Jul 2020 - 12:38 GMT

The latest projection is 2 percentage points lower than the fund's April estimate, the IMF said in its latest Middle East and Central Asia Economic Outlook.

IMF official: Egypt's economic reforms contributed to countering COVID-19 impacts

Wed, 08 Jul 2020 - 12:41 GMT

Ramakrishnan added that the IMF supports Egypt in its efforts to mitigate the coronavirus economic fallout on the most affected sectors.

IMF: Global economy to take $12tn hit from coronavirus

Thu, 25 Jun 2020 - 01:29 GMT

IMF said it expected the global economy to shrink 4.9 percent this year — a sharper contraction than the 3 percent it predicted in April.

IMF places Egypt among top 30 countries with strong economic performance

Wed, 24 Jun 2020 - 04:45 GMT

In its World Economic Outlook for June, the fund expected Egypt and China to achieve a positive growth in 2020 despite economic challenges posed by the novel coronavirus pandemic.

IMF predicts 'worse than anticipated' slowdown for global economy in 2020

Wed, 24 Jun 2020 - 02:43 GMT

This decline in growth in 2020 is expected to be followed by a partial recovery, with the growth seen at 5.4 percent in 2021.

Egypt receives $2.7 billion from IMF

Wed, 13 May 2020 - 11:02 GMT

The loan, which will be paid back over a period of five years, comes as part of the the Rapid Financing Instrument (RFI) program.

IMF expects ME, Central Asia economies to shrink by 3.1%

Wed, 15 Apr 2020 - 05:46 GMT

This year, economies in the Middle East and Central Asia will shrink on average by 3.1 percent, representing a loss of output of $425 billion.

Egypt didn’t apply for funding to face COVID-19 pandemic: IMF

Wed, 15 Apr 2020 - 05:03 GMT

The success of the Egyptian state in its economic reform program, which started in 2016, enabled it the country withstand external pressures.

Egypt to be only country with positive economic growth in MENA at 2% in 2020:IMF

Wed, 15 Apr 2020 - 12:49 GMT

During 2021, Egypt would record real gross domestic product (GDP) of 2.8 percent, according to the report.

IMF warns against rate cuts, currency intervention to improve trade balance

Thu, 22 Aug 2019 - 10:58 GMT

“What is more, they have negative implications for the orderly working of the international monetary system.”

Egypt succeeds in achieving objectives of IMF loan: Lipton

Thu, 25 Jul 2019 - 11:56 GMT

Commenting on achieving 2 percent primary surplus in 2018/2019, he said that it helped anchor a further decline in the public-debt-to-GDP ratio.

IMF approves disbursing final tranche of Egypt's $12B loan

Wed, 24 Jul 2019 - 05:24 GMT

The approval of the last review will allow Egypt to receive its last $2 billion disbursement of $12 billion loan extended over three years.

IMF reviews final tranche of Egypt’s economic reform program

Wed, 24 Jul 2019 - 02:14 GMT

Approving this last review will allow Egypt to receive its last $2 billion disbursement of $12 billion loan extended over three years

Lagarde resigns as IMF chief, starting race for her successor

Wed, 17 Jul 2019 - 11:56 GMT

Lagarde said in a statement her resignation was effective Sept. 12, firing the starting gun for the IMF’s search for her successor, which is likely to be another European.

IMF team reaches staff-level agreement on the 5th review for Egypt’s EFF

Fri, 17 May 2019 - 08:27 GMT

An IMF mission has reached a staff-level agreement with the Egyptian authorities for the completion of the fifth and the final review of Extended Fund Facility (EFF).

IMF lauds Egypt's Takaful &Karama social protection program

Sun, 12 May 2019 - 11:40 GMT

The delegation reviewed the most prominent achievements of the program, which was launched in 2015, as it managed to reach 9 million citizens.

IMF commited to support Egypt, its people: managing director

Wed, 10 Apr 2019 - 10:16 GMT

Christine Lagarde said she discussed with President Sisi progress under the IMF-supported Egyptian economic reform program.

Significant figures of Egypt’s economy in IMF’s report

Mon, 08 Apr 2019 - 08:38 GMT

Egypt Today reviews the most significant figures in the IMF’s report.