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Economy
- Service : English General
- Category : Economy
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PM announces new deal with IMF - 5 last Cairo
Date: 2024-03-06 19:34:57 GMT - Egypt - Economy - SN:72 - ID:10613865
As soon as the deal is signed with the IMF, the government will be able to apply to the Environmental Sustainability Fund (ESF) for another loan in the amount of 1 or 1.2 billion dollars, taking total value of the government's integrated program ....
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PM: More good news ahead for national economy
Date: 2024-03-06 19:08:36 GMT - Egypt - Economy - SN:71 - ID:10613783
CAIRO, March 6 (MENA) – Prime Minister Mostafa Madbouli said more good news are expected over the period ahead as regards the Egyptian State and national economy. Madbouli was speaking during a news briefing held the Cabinet weekly meeting on ....
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FEI: CBE’s decision significant step towards monetary reforms
Date: 2024-03-06 18:54:42 GMT - Egypt - Economy - SN:69 - ID:10613848
CAIRO, March 6 (MENA) - The Federation of Egyptian Industries (FEI) said Wednesday the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decision to allow the exchange rate to be determined according to market mechanisms is an ....
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CBE governor confirms sufficient foreign currency to honor Egypt's obligations
Date: 2024-03-06 18:30:08 GMT - Egypt - Economy - SN:67 - ID:10613904
CAIRO, March 6 (MENA) - Governor of the Central Bank of Egypt Hassan Abdullah confirmed on Wednesday that there are sufficient foreign currency in the country to honor its obligations, especially after unifying exchange rates. At a press ....
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Finance min. says deal with IMF aims to restore stability to Egypt economy
Date: 2024-03-06 17:42:36 GMT - Egypt - Economy - SN:61 - ID:10613745
CAIRO, March 6 (MENA) - Minister of Finance Mohamed Maait said Wednesday the agreement with the International Monetary Fund (IMF) on the first and second reviews aims to restore stability of the Egyptian economy and bring it back on the right ....
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IMF official: Deal with Egypt "significant step in our continued strong partnership"
Date: 2024-03-06 17:00:39 GMT - USA - Economy - SN:57 - ID:10613730
WASHINGTON, March 6 (MENA) - Kristalina Georgieva, Managing director of the International Monetary Fund (IMF), said the IMF has reached a Staff-Level Agreement with Egypt on its reform program, which aims to restore economic stability and ensure ....
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PM announces new deal with IMF 3 Cairo
Date: 2024-03-06 16:36:02 GMT - Egypt - Economy - SN:56 - ID:10613490
Madbouli said that the program aims at reaching clear indicators that include increasing currency reserve of foreign currencies, cutting local or foreign debt and attracting direct foreign investments in the coming period. He added that the ....
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PM announces new deal with IMF 2 Cairo
Date: 2024-03-06 16:35:15 GMT - Egypt - Economy - SN:55 - ID:10613489
Madbouli announced Egypt and the International Monetary Fund (IMF) had reached an agreement concerning the first and second reviews. In a press conference after meeting with finance minister and governor of Central Bank of Egypt, he said that ....
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IMF doubles Egypt rescue program to $8bn, 2 last Cairo
Date: 2024-03-06 16:33:55 GMT - Egypt - Economy - SN:54 - ID:10613626
"Fourth, a new framework to slow down infrastructure spending including projects that have so far operated outside regular budget oversight. In particular, the authorities noted that they would limit the total amount of public investment from all ....
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IMF increases Egypt rescue program to $8bn
Date: 2024-03-06 16:33:21 GMT - Egypt - Economy - SN:53 - ID:10613555
CAIRO, March 6 (MENA) - Egypt agreed with the International Monetary Fund (IMF) on increasing its rescue program to $8 billion, Bloomberg reported. The country also reached a staff-level agreement with the Washington-based lender on two delayed ....
