International Monetary Fund

$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.

IMF Managing Director says Egypt became one of the fastest growing economies in the world

Tue, 18 May 2021 - 09:42 GMT

International Monetary Fund [IMF] Managing Director Kristalina Georgieva said, Tuesday that Egypt has become one of the fastest growing economies in the world.

Sisi calls on int'l community to support to Africa to confront Coronavirus pandemic

Tue, 18 May 2021 - 09:32 GMT

Egypt’s President Abdel Fattah El Sisi participated Tuesday in Financing African Economies Summit which was held in Paris and divided into two sessions

IMF raises MENA growth forecast to 4%

Sun, 18 Apr 2021 - 01:14 GMT

Real GDP in the MENA region is now expected to grow 4 percent in 2021, up from the fund’s October projection of 3.2 percent.

IMF's Managing Director gives Egypt pieces of advice to overcome coronavirus crisis

Sun, 14 Feb 2021 - 12:35 GMT

Getting out of the Coronavirus crisis and supporting those affected by it is the most important priority for the Egyptian government during the current stage,” Managing Director of the International Monetary Fund (IMF) said.

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.

IMF raises its forecast for Egypt's economy growth to 2.8% in 2020/21

Sun, 10 Jan 2021 - 03:38 GMT

IMF expected the growth of the Egyptian economy by about 5.5 percent during the fiscal years 2021/2022 and 2022/2023.

IMF lauds Egypt's measures to contain COVID-19 pandemic impacts

Fri, 08 Jan 2021 - 02:26 GMT

International Monetary Fund (IMF) has lauded Egypt's measures to address the impacts from the outbreak of the Covid-19 pandemic.

IMF says Egypt's portfolio flows 'recovering'

Fri, 08 Jan 2021 - 02:23 GMT

Egypt's portfolio flows are recovering, with reported net inflows of more than $9 billion between June and October—following more than $15 billion in outflows during March/April— reflecting attractive domestic yields with 90-day T-bills at around 13.5 percent, International Monetary Fund (IMF) said Thursday.

Memory of the day

Sun, 27 Dec 2020 - 01:13 GMT

On December 27, many important events took place that changed the world, including the completion of the construction of the Hagia Sophia Cathedral and the signing of the agreement to build the Aswan High Dam.

Egypt should continue its economic reform program: IMF

Wed, 23 Dec 2020 - 02:19 GMT

Mohieddin added in a TV interview that this includes increasing the country's investments in the sectors of health care, education and infrastructure to achieve sustainable and long-term growth.

IMF plans to disburse $1.6 billion to Egypt as part of $5.2 billion loan, hails its economy performance

Thu, 19 Nov 2020 - 09:32 GMT

The IMF staff team and the Egyptian authorities have reached a staff-level agreement on the first review of Egypt’s economic program supported by the IMF’s $5.2 billion Stand-by Arrangement

IMF executive director: all countries negatively impacted by coronavirus pandemic

Mon, 26 Oct 2020 - 12:34 GMT

​IMF is shouldering big responsibilities pertaining to increasing investments and following up the foreign debts worldwide, he explained.

Egypt’s Mahmoud Mohieldin elected as executive director of International Monetary Fund

Mon, 19 Oct 2020 - 10:05 GMT

Egyptian candidate Mahmoud Mohieldin was elected unanimously as the executive director of the International Monetary Fund (IMF) and, accordingly, an IMF board representing the country and Arab states.

IMF raises expectation for Egyptian economy growth to 3.5% in 2020

Tue, 13 Oct 2020 - 03:38 GMT

At the same time, it expected that the Egyptian economy would achieve growth rates of 5.6 percent over the medium term by 2025.