International Cooperation Ministry aims to secure $15bn over 3 years, representing 50% of funding gap
Ministry has provided $3.8bn out of $5bn to finance 20 development projects…
CBE provides 10-year interest-free loan worth EGP 31bn to 3 major banks
The loan is for supporting banks’ capital base and for adjusting the…
Value of 1st IMF tranche not determined yet: Finance Minister
Value of 1st tranche to be determined during coming 4 to 6…
Egypt, IMF to cut budget deficit to 5.5% during 3-year funding programme
Primary agreement between IMF and Egypt; IMF executive board to determine timing…
IMF, Egypt reach agreement on 3-year $12bn extended fund facility
CBE’s aim to move to flexible exchange rate will strengthen competitiveness, says…
IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility
End-of-Mission press releases include statements of IMF staff teams that convey…
Egypt, IMF to postpone unifying exchange rate until first tranche of loan arrives
Government moving quickly towards loan, while mission concerned about Cairo's ability to…