Minister of Investment and International Cooperation Sahar Nasr called on the World Bank and IMF to boost their support to Egypt in achieving regional integrity and intra-trade in Africa, a press release on Friday read. Addressing the Intergovernmental...اقرأ المزيد
Two businessmen said they endorse the state’s step towards removing the last segment of fuel subsidies, arguing that subsidizing fuel, according to the current way, negatively affects the poor. They asserted that despite price increase, electricity...اقرأ المزيد
Egypt’s cabinet denied reports claiming that the government could impose new taxes on the citizens to face the fiscal deficit, the cabinet said in a statement on Friday. “The Ministry [of Finance] has not issued any decisions in this regard,” the...اقرأ المزيد
The International Monetary Fund (IMF) expects Egypt’s exports to remain on an upward track, projecting a boom in the country’s tourism sector, alongside an increase in natural gas discoveries. In a new report on its economic outlook for the...اقرأ المزيد
In his meeting with Chinese counterpart Xi Jinping, President Abdel Fatah al-Sisi affirmed that Egypt’s current leadership of the African Union has an important strategic dimension for the Belt and Road Initiative (BRI), said Egyptian presidential spokesperson...اقرأ المزيد
Christine Lagarde, managing director of the International Monetary Fund (IMF), said that she discussed with the visiting Egyptian president the North African country’s economic reform program backed by the IMF’s Extended Fund Facility (EFF). This...اقرأ المزيد
According to the International Monetary Fund (IMF)’s statement on Saturday, strengthening social protection for the poor and the neediest has been one of the Egyptian government’s priorities since the start of the economic reform program. “The...اقرأ المزيد
The International Monetary Fund (IMF) reported that Egypt’s total public debt is projected to continue to shrink to about 74% of the gross domestic product (GDP) by 2022/2023 given the implementation of the economic reform program. The figure is...اقرأ المزيد
The reform of fuel subsidies in Egypt is on track to be completed in the 2018/2019 fiscal year, according to a press release issued by the IMF on Saturday. “The authorities are committed to reaching full cost recovery by the end of 2018/19 for...اقرأ المزيد
The executive board of the International Monetary Fund (IMF) agreed Monday after a meeting in Washington to give Egypt the fifth installment of its $12 billion loan ($2 billion) by the end of the current week, Minister of Finance Mohamed Maait told Egypt...اقرأ المزيد