International Monetary Fund Archives

Egypt’s rate cut on thin ice? IMF issues stark warning

The International Monetary Fund (IMF) has called on Egypt to exercise caution in its path of interest rate cuts, given the global uncertainty resulting from recent decisions by US President Donald Trump regarding customs duties. Egypt had cut interest rates last month for the first time in about five years, after the annual inflation rate fell …

The post Egypt’s rate cut on thin ice? IMF issues stark warning appeared first on Egypt Independent.

Egypt Independent May 2, 2025

Egypt expects $1.2 billion IMF loan payment next week

The Executive Board of the International Monetary Fund (IMF) included Egypt on the agenda of its meeting scheduled for March 10th, to disburse the fourth tranche of $1.2 billion from the loan granted to Egypt. The IMF’s Executive Board of Directors is scheduled to approve Egypt’s file during its meeting in Washington, D.C., which includes …

The post Egypt expects $1.2 billion IMF loan payment next week appeared first on Egypt Independent.

Egypt Independent March 1, 2025

Egypt awaits IMF decision on $1.2 billion loan disbursement

Julie Kozack, the spokesperson for the International Monetary Fund (IMF), stated that the Fund’s Executive Board will discuss the disbursement of the fourth tranche of Egypt’s loan, amounting to $1.2 billion, in the coming weeks after the review is approved. Kozack mentioned during a press conference on Thursday that the Fund is currently finalizing some …

The post Egypt awaits IMF decision on $1.2 billion loan disbursement appeared first on Egypt Independent.

Egypt Independent February 7, 2025

Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva

Egypt stands to gain $800 million in savings by 2030 thanks to the International Monetary Fund’s recent decision to adjust its fees for programs and loans. IMF Managing Director Kristalina Georgieva made the announcement during an interview with Al-Sharq, where she also indicated the possibility of revisiting the conditions for providing support to Lebanon in …

The post Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva appeared first on Egypt Independent.

Egypt Independent October 25, 2024

IMF says Israel’s war on Gaza will slow Middle East economic growth

IMF says Israel’s war on Gaza will slow Middle East economic growth International Monetary Fund revises growth forecast downwards, citing

Middle East Eye April 20, 2024

IMF official says Ras al-Hikma deal recognizes the potential of Egypt’s economy to generate additional tourism revenues

International Monetary Fund (IMF) Mission Chief for Egypt Ivanna Vladkova Hollar said that the Ras al-Hikma deal, which is worth $35 billion, will reduce the pressure on the balance of payment but if it were used prudently. She told a new conference on Monday that the expectation for what is a prudent use of the …

The post IMF official says Ras al-Hikma deal recognizes the potential of Egypt’s economy to generate additional tourism revenues appeared first on Egypt Independent.

Egypt Independent April 10, 2024

IMF agrees to increase funding program for Egypt to $8 billion

Prime Minister Mostafa Madbouly announced that Egypt signed an agreement on Wednesday with the International Monetary Fund (IMF) to increase the value of the country’s funding from three billion to eight billion dollars. An agreement was also settled with IMF experts regarding the first and second reviews under the IMF’s Extended Fund Facility (EFF), following …

The post IMF agrees to increase funding program for Egypt to $8 billion appeared first on Egypt Independent.

Egypt Independent March 7, 2024

IMF more than doubles Egypt bailout deal to $8bn following pound devaluation

IMF more than doubles Egypt bailout deal to $8bn following pound devaluation Many now fear an imminent rise in fuel

Middle East Eye March 7, 2024

Ukraine funded Clinton Foundation from International Monetary Fund loan

While neo-Nazi regime in Kiev claims to be investigating case connected to commercial bank that have laundered International Monetary Fund

Weekly Blitz February 3, 2024

Egypt, IMF agreement on new loan might be accompanied with Egyptian pound devaluation

Capital Economics, an independent economic research business based in the UK, noted that Egypt’s agreement with the International Monetary Fund (IMF) for the next loan is on the way – and with it, a devaluation of the Egyptian pound. Inflation in Egypt is slowing down, according to the report but will remain above the central …

The post Egypt, IMF agreement on new loan might be accompanied with Egyptian pound devaluation appeared first on Egypt Independent.

Egypt Independent January 12, 2024

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