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IMF launches Opportunity for All in Morocco 

Marrakesh – The International Monetary Fund (IMF) launched on Monday the Opportunity for All in Marrakesh, Morocco to create jobs, promote comprehensive growth in the Arab World, and turn the debate over Arab sustainable growth from recognition into implementation. Egypt participated in the two-day conference on 29 and 30 January, represented by a delegation consisting of …

Nevine Kamel

IMF announces its second review of Egypt tomorrow

On Tuesday, the International Monetary Fund (IMF) will announce the second review report and expert opinion on Egypt’s economic reform programme. Concurrent with the launching of the IMF report, IMF Mission Chief for Egypt Subir Lall will also hold a press conference. In November 2016, the IMF gave the green light for a $12bn loan …

Daily News Egypt

Rania Al-Mashat, deputy governor of the Central Bank of Egypt (CBE Public domain

Rania Al-Mashat: from IMF to Tourism Ministry

The Egyptian Parliament approved on Sunday the appointment of Rania A. Al-Mashat as tourism minister, replacing Yehya Rashid. Al-Mashat previously served as a senior economic adviser to the International Monetary Fund (IMF), which made her the first Egyptian woman to hold the position. Al-Mashat obtained a BA in Economics from the American University in Cairo …

Hossam Mounir

IMF approves disbursement of $2bn third portion of loan to Egypt

The executive board of the International Monetary Fund (IMF) announced Wednesday its completion of the second review of Egypt’s economic reform programme, allowing the disbursement of $2bn, the third portion of the $12bn IMF loan to Egypt approved in November. The third portion brings the total disbursements to about $6.08bn. The IMF delegation completed their …

Mohamed Samir

IMF to convene in December over 2nd part of $12bn Egypt loan

The International Monetary Fund’s (IMF) board of directors is set to convene on 20 December to discuss the second portion of the $12bn loan to Egypt. An IMF mission visited Egypt from 25 October to 9 November to review Egypt’s IMF-supported economic reform programme. According to Subir Lall, IMF mission chief for Egypt, fund experts …

Ahmed Ismail

IMF, World Bank praise Egypt’s economic reform programme

The IMF and the World Bank praised Egypt’s economic reform programme on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington, D.C. Meanwhile, World Bank President Jim Yong Kim said that Egypt’s economic reform programme is moving on the right track at a press conference last …

Mohamed Abdel Megeed

IMF votes on second tranche of Egypt’s loan

The International Monetary Fund’s (IMF) Executive Board plans to vote Thursday on the first review of Egypt’s economic reform programme, in which Egypt will receive $1.25bn. Egypt has received the first tranche of the loan, worth $2.75bn, in November 2016. The IMF had agreed on Egypt’s loan, worth $12bn, in 2016. The IMF delegation came …

Daily News Egypt