Egypt’s Minister of International Cooperation and Governor for the World Bank Group, Rania Al-Mashat, contributed to launching a groundbreaking joint financing platform at the recent International Monetary Fund (IMF) and …
IMF
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Women’s Achievements
Representative Sahar Al-Bazzar Selected to Head WB & IMF’s First-ever Council of Women Parliamentarians
by Nada Khaledby Nada KhaledThe World Bank and the International Monetary Fund have appointed Representative Sahar Al-Bazaar, the First Undersecretary of the Foreign Relations Committee in the House of Representatives, to lead the first …
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News
Minister Al-Mashat Pushes Global Equity at World Bank, IMF Spring Meetings
by Mona Yousefby Mona YousefEgypt’s Minister of International Cooperation and Governor for the World Bank Group, Rania Al-Mashat, joins world leaders at the 2024 World Bank and International Monetary Fund (IMF) Spring Meetings this …
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EconomyNews
Egypt Set to Receive First Tranche of Expanded IMF Loan by Next Week
by Nada Khaledby Nada KhaledDuring a news conference on March 30, Egyptian Prime Minister Mostafa Madbouly announced that Egypt will receive the first installment of an expanded loan agreement with the International Monetary Fund …
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Economy
Egypt’s Economic Reforms Earn Positive Credit Outlook from S&P
by Mona Yousefby Mona YousefS&P Global Ratings follows Moody’s in recognizing Egypt’s economic turnaround, upgrading the country’s credit outlook from stable to positive. This positive revision stems from decisive actions by Egyptian authorities to …
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NewsPolitics
IMF Scheduled to Appoint New Executive Director Next Month
by Nada Khaledby Nada KhaledOn March 13, the International Monetary Fund’s Board of Directors announced that it plans to complete the process of appointing a new Managing Director by the end of April 2024. …
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The International Monetary Fund (IMF) has resolved major issues with Egyptian authorities about the review of its $3 billion loan programme and will unveil the final financing package within weeks, …
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EconomyHighlights
Surge in Egyptian Pound’s Value Driven By IMF- Egypt Preliminary Agreement
by Mona Yousefby Mona YousefThe Egyptian pound has experienced a soaring by 39% against the US dollar within a few days. This dramatic rise has driven down the exchange rate of the US currency …
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HighlightsPolitics
Egypt, IMF will come to an agreement on loan programme augmentation soon: Georgieva
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva stated that Egypt and the lender are in advanced discussions regarding the augmentation of the Egyptian loan programme. “We are …
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EconomyHighlights
Egypt’s Mediation in Gaza Expected to Boost Foreign Financial Support: Fitch Solutions’ BMI
by Mona Yousefby Mona YousefEgypt’s mediation role in the Israel-Hamas conflict in Gaza is expected to attract foreign financial support, exceeding $5 billion, according to Fitch Solutions’ BMI. Inflation is expected to slow down, …