Egypt has significantly tightened its monetary policy in response to an economic crisis, implementing measures outlined in an $8 billion International Monetary Fund (IMF) financial support package signed in March. …
IMF
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Economy
World Bank Spring Meetings: New Platform Streamlines Development Financing for Global Projects
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 …
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Women’s Achievements
Representative Sahar Al-Bazzar Selected to Head WB & IMF’s First-ever Council of Women Parliamentarians
The 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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Egypt’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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During 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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S&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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On 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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The 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 …
