International Monetary Fund

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).

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.

Energy file in Egypt witnessing great development: IMF Executive Director

Sun, 06 Mar 2022 - 12:43 GMT

“Egypt is now working on the new energy file through a strategic plan in order to provide a better life for citizens and raise their standard of life,” he elaborated.

IMF raises its forecast for Egyptian economy growth to 5.6% in 2022

Wed, 26 Jan 2022 - 10:08 GMT

"Egypt is the only oil-importing country that has achieved positive growth thanks to the good management of the repercussions of the post-Covid-19 pandemic and the release of positive economic data,” she said.

Egyptian economy to be 2nd largest Arab, African economy by 2022: IMF

Tue, 07 Dec 2021 - 04:59 GMT

The report indicated that the IMF’s expectations indicate an increase in total revenues as a percentage of gross domestic product (GDP), to record 18.6 percent in 2021/2022, 18.7 percent in 2022/23, 18.9 percent in 2023/2024, and 19 1 percent in 2024/2025.

$45B for Arabs.. IMF begins distributing allocations to confront coronavirus

Thu, 02 Sep 2021 - 03:34 GMT

These allocations represent a vaccine injection into the arm of the world, and if used wisely, it will be a unique opportunity to combat this unprecedented crisis, according to a statement by the Fund.

IMF expects Egypt to achieve growth rate 5.2% in 2021

Wed, 30 Jun 2021 - 03:02 GMT

“For the fiscal year 20/21, we still expect a growth of 2.8 percent, and we see that the recovery has begun with expectations of a stronger revival in the next fiscal year, reaching growth to 5.2 percent."

IMF praises Egypt's economic performance under Stand-by Arrangement

Thu, 24 Jun 2021 - 03:30 GMT

They commended Egypt’s strong performance under the Stand-by Arrangement, a result of timely policy response to the crisis and steadfast implementation of the program with overperformance in key program targets.

IMF's concludes Egypt's economic program 2nd review, praises economic performance

Thu, 24 Jun 2021 - 03:08 GMT

The second review allows the authorities to draw the equivalent of SDR 1,158.04 million (about US$1.7 billion), bringing total purchases under the SBA to SDR 3,763.64 million (about US$ 5.4 billion, 184.8 percent of quota).

IMF completes 2nd, final review of Egypt’s economic program allowing authorities to draw $1.7B

Wed, 23 Jun 2021 - 10:04 GMT

The Executive Board of the International Monetary Fund (IMF) completed, Wednesday second, final review of Egypt’s economic reform program allowing the authorities to draw about $ 1.7billion.

Egypt expected to receive in June last tranche of IMF $5.2 billion loan: Minister

Fri, 28 May 2021 - 07:44 GMT

Egypt will receive the last tranche of its $5.2 billion loan from the International Monetary Fund (IMF) before the end of June, Minister of Finance Mohamed Maait suggested in remarks to Egypt Today.

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