Latest in Highlight
Forward exchange rate is expected to register 11.20 in Q4 2016, says Bank of America
Value of 1st tranche to be determined during coming 4 to 6 weeks, says minister
Primary agreement between IMF and Egypt; IMF executive board to determine timing of payment tranches
CBE’s aim to move to flexible exchange rate will strengthen competitiveness, says head of IMF mission
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare …
IMF-leveraged deal is mandatory; a refusal would lead to losing loan sources, say experts
Government moving quickly towards loan, while mission concerned about Cairo’s ability to implement and follow up on reforms, says former IMF official
Ball Corporation’s investment in Egypt reaches EGP 840m, says minister
Al-Sisi has gone “beret in hand” to the IMF for a $12bn bailout, says The Economist
No conditions will be imposed on Egypt as the reforms in IMF negotiations are the same as those in the government’s economic reform programme
While the IMF conditionality is the focus of the reform agenda, oil prices may be driving government considerations
A floating exchange rate is likely in Egypt’s future due to pressure from the IMF and the looming prospect of a Federal Reserve interest rate hike later this year
Government is explaining the importance of the loan to parliament, not concerned about high US dollar exchange rate, says finance minister
We aim to provide financial and technical support to those responsible for developing SMEs in a number of countries, including Egypt, says Negaty
Egypt’s private sector has largely celebrated the news of the IMF loan, which the government hopes will galvanise private sector involvement with development, says Renaissance Capital
Allowing the Egyptian pound’s exchange rate to move both directions based on supply and demand and deciding a timetable for the implementation of reforms under the fund’s supervision are among the topics to be negotiated
Some believe it is feasible while others claim it is fruitless
IMF will request the implementation of CGT and reduction of domestic debt
The Egyptian Exchange (EGX) is facing a tough challenge this week as it attempts to continue its upward direction, after the good performance it recorded last week. Technical analysts and executives at brokerage firms said that the market’s ability to go beyond 8,000 points would cause it to continue moving upwards. Experts advised investors to …
Rania Al-Mashat talks to Daily News Egypt as she assumes new role as IMF senior advisor
It is hoped that this will achieve stability in Egypt’s financial markets, as well as realising targeted growth rates.
US dollar loses over 50 piastres on informal market, 5% jump on EGX during Wednesday trading
IMF to offer $12bn, while the World Bank, AFDB, and international bonds will secure the remainder of the loan
Britain’s upcoming departure from the European Union has prompted the International Monetary Fund (IMF) to cut its global growth forecast for the next two years – the fifth time it has dialed back estimates in 15 months.
The International Monetary Fund (IMF) has called on Italy to launch urgently needed economic reforms to accelerated anemic growth and head off a looming crisis in its financial industry.
The once-proud Deutsche Bank is now threatening the global financial system. Things keep getting worse and worse, though Brexit offers a tiny glimmer of hope, writes DW’s Henrik Böhme.
Reuters reported on Monday that Egypt is negotiating a loan worth $5bn; Amer denies to Daily News Egypt