The Egyptian Economy Changes The Vision Of The International Institutions In Seven Years.

The cabinet's media center publishes a report, which includes infographics highlighting the success of the Egyptian economy in changing the vision of international institutions with a performance that exceeded exp ...

Egypt Secures USD 7.31 bn in Funding in 2020: Al-Mashat

Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of whi ...

Foreign Reserves Hit USD 39.2 bn by November-End: CBE

The Central Bank of Egypt (CBE) has announced that the country's net international reserves edged up to USD 39.2 bn by the end of November, marking a slight increase of USD 1.8 mn compared with October figures.

Egypt Among World’s 10 Fastest-Growing Economies in 2020: Bloomberg

US-based news agency Bloomberg has reported that Egypt’s recovery from the ordeal of the ongoing Coronavirus hit turned it into one of the world's 10 fastest growing economies in 2020, thanks to the economic refor ...

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.

IMF Supports Egypt to Keep Economic Reform Program’s Gains

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced the fund's support for Egypt’s efforts to safeguard the achievements made by the economic reform program under the complete ...

Egypt in Talks With IMF Over Financial Assistance Amid COVID-19

Prime Minister Mostafa Madbouly said on April 26 that Egypt is in launch talks with International Monetary Fund (IMF) for a financial assistance deal as well as technical support to cushion the pandemic's negative ...

IMF Says Egypt Among Emerging Economies Seeing Vulnerabilities

The International Monetary Fund (IMF) said that Egypt is among the major emerging and frontier market economies witnessing key vulnerabilities and a number of shocks, including growth challenges and oil price decl ...

CBE Makes 3rd Interest Rate Cut Amid Low Inflation Rates

The Central Bank of Egypt (CBE) has made the third consecutive cut to key rates by 1%, a step coming shortly after the annual headline inflation rate hit its lowest level in 14 years and logged 3.1% in October, co ...

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