The World Bank (WB) has pledged $3 billion in support to Egypt following the country’s successful negotiation …
International Monetary Fund (IMF)
International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.
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FeatureFinancial InstitutionsMoney
IMF-Egypt deal may catalyse $20b in foreign funds – FinMin
by Yomna Yasserby Yomna YasserThe new International Monetary Fund (IMF) deal is expected to catalyse a total of $20 billion in …
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Egypt NewsFeatureNews
Egyptian pound settles at 49.5 after floating currency
by Nada Aliby Nada AliEgypt’s pound remained stable on Thursday at 49.5 against the dollar, similar to the previous day’s closing …
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Egypt NewsFeatureFinancial InstitutionsMoneyNews
IMF board to meet on Egypt loan deal before March-end
by Yomna Yasserby Yomna YasserThe International Monetary Fund’s executive board is expected to meet before the end of March to approve …
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Egypt NewsFeatureFinancial InstitutionsMoneyNews
Georgieva: IMF-Egypt deal ‘significant step’
by Yomna Yasserby Yomna YasserInternational Monetary Fund Managing Director Kristalina Georgieva said in a tweet on Wednesday the staff-level agreement with …
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BanksEgypt NewsFeatureFinancial InstitutionsMoneyNews
PM: New IMF deal to help Egypt secure World Bank, EU soft loans
by Yomna Yasserby Yomna YasserEgypt’s Prime Minister Moustafa Madbouly said the new agreement with the International Monetary Fund (IMF) will enable …
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Egypt NewsFeatureFinancial InstitutionsMoneyNews
IMF, Egypt reach staff level agreement on first, second loan reviews
by Yomna Yasserby Yomna YasserEgypt and the International Monetary Fund (IMF) have reached on Wednesday staff level agreement on a set …
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Egypt NewsFeatureFinancial InstitutionsMoneyNews
URGENT: Egypt signs new IMF deal
by Yomna Yasserby Yomna YasserEgypt has on Wednesday signed an agreement with the International Monetary Fund (IMF) to extend the current …
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Egypt NewsFeatureFinancial InstitutionsMoneyNews
URGENT: Egypt to sign new IMF loan deal within hours – source
by Yomna Yasserby Yomna YasserEgypt will sign a new loan programme agreement with the International Monetary Fund (IMF) in the next …
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BanksEgypt NewsFeatureNews
Egypt’s c. bank achieves net profit of EGP 80.2b in Jan.
by Nada Aliby Nada AliThe Central Bank of Egypt (CBE) achieved a net profit of 80.230 billion Egyptian pounds during January …