IMF Nods Egypt’s USD 5.2 bn Standby Loan

Egypt to turn once again to the International Monetary Fund (IMF), which on June 26 agreed to the former's request for a one-year, USD 5.2 bn (EGP 84 bn) financing package, as the country's economy reels from the ...

IMF Approves USD 2.8 bn in Pandemic Aid to Egypt

The International Monetary Fund (IMF) has approved Egypt’s request for USD 2.772 bn in financial aid to address the urgent balance of payment needs stemming from the COVID-19 outbreak.

CBE Posts USD 112 mn Hike in Net Foreign Reserves by End-May

The Central Bank of Egypt (CBE) has indicated that the country managed to add USD 112 mn to its reserves base in May to close the month at USD 44.274 bn, compared to USD 44.218 bn at end-April

Net Foreign Reserves Hit USD 44.06 bn by February-End: CBE

The Central Bank of Egypt (CBE) announced on March 4 that the net foreign reserves surged to USD 44.060 bn at the end of February, up from USD 42.616 bn a month earlier

IMF Board Approves USD 2 bn Tranche to Egypt

The International Monetary Fund’s (IMF's) executive board completed on February 2 the fourth review of Egypt’s economic reform program, allowing the country to draw about USD 2 bn worth of loan, bringing the count ...

Palm Hills to Raise The Crown’s Credit Facility Limit

Egypt-based Palm Hills Developments' board has approved increasing the credit facility limit for The Crown compound, west Cairo, to EGP 1.24 bn from EGP 852 mn

Egypt’s Economy is Showing Strong Signs of Recovery: IMF

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), revealed that Egypt's economy is witnessing strong signs of recovery

Egypt, IMF Reach Agreement to Disperse USD 2 bn Loan Installment

Egypt and the International Monetary Fund (IMF) have reached a staff-level agreement on disbursing the USD 2 bn tranche of its USD 12 bn Extended Fund Facility

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