International Monetary Fund

Egypt and IMF agree to merge 1st and 2nd reviews, Reuters

Sun, 24 Sep 2023 - 02:02 GMT

Citing an official statement, Reuters reported that both the IMF and Egypt agreed to merge the reviews and expect a scheduled date before the end of 2023

IMF delays September review says sources

Mon, 18 Sep 2023 - 12:32 GMT

The original date for the first review was initially set for March but was pushed to the end of June, with the second review originally slated for September

IMF allegedly to delay upcoming loan review again, might mean EGP devaluation

Mon, 04 Sep 2023 - 03:30 GMT

This is not the first time the IMF has delayed the review, which was originally slated for March 15, 2023. The source added that, while a new date hasn’t been scheduled, the review will be taking place sometime this year

Antoinette Sayeh, IMF’s Deputy MD, to visit Cairo next week to discuss reform program

Thu, 08 Jun 2023 - 01:42 GMT

The deputy MD is set to attend the launch of IMF paper “Managing Fiscal Risks in the Middle East and North Africa” on Sunday. The launch is organized by the Ministry of Finance, the Economic Research Forum, and the IMF

President Sisi Speaks with Director General of International Monetary Fund

Wed, 31 May 2023 - 11:57 GMT

Egypt’s President Abdel Fattah El Sisi received a phone call from Director General of the International Monetary Fund, Kristalina Georgieva, on Wednesday.

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

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

IMF expects Egypt's economy to grow 3.7% in 2022/23, 5% in 23/24

Tue, 11 Apr 2023 - 04:22 GMT

In its report on global economic prospects, issued Tuesday, the IMF expected that inflation rates in Egypt would reach 21.6 percent during 2022/2023, declining to 18 percent in 2023/2024.

Egypt awaits disbursement of IMF loan's 2nd tranche

Tue, 14 Mar 2023 - 05:09 GMT

It is scheduled that the value of the second tranche of the loan will be the same as the value of the first tranche, which is $347 million.

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 reaches 46-month expert-level agreement with IMF worth $3B

Thu, 27 Oct 2022 - 11:46 GMT

The new financing aims to protect macroeconomic stability and debt sustainability, improve Egypt's resilience to external shocks, strengthen its social safety net, and intensify reforms that support private sector-led growth and job creation.

Egypt finalizes agreement with IMF at level of experts, announcement "very soon"

Sun, 16 Oct 2022 - 11:40 GMT

Maait explained that very fruitful bilateral discussions were held with IMF experts on the sidelines of the annual meetings of the IMF and the World Bank in Washington, and significant progress was made in all policies.

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.

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.

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).