Arab Republic of Egypt and the IMF
Listed below are items related to Arab Republic of Egypt. This web page provides information on official IMF reports and Executive Board documents in English that deal with Egypt.
IMF Reaches Staff Level Agreement on the Third Review of the …
Jun 6, 2024 · International Monetary Fund (IMF) staff and the Egyptian authorities have reached staff level agreement on a set of comprehensive policies and reforms needed to complete the third review under the Extended Fund Facility (EFF) arrangement.
Egypt floats its currency and agrees with the ... - Associated Press News
Mar 6, 2024 · CAIRO (AP) — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a staggering shortage of …
IMF confirms increasing Egypt’s bailout loan to $8 billion
Mar 30, 2024 · CAIRO (AP) — The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country’s economy which is hit by a staggering shortage of foreign currency and soaring inflation.
IMF Staff and the Egyptian Authorities Reach Staff Level …
Mar 6, 2024 · International Monetary Fund (IMF) staff and the Egyptian authorities have reached staff level agreement on a set of comprehensive policies and reforms needed to complete the first and second reviews under the Extended Fund Facility (EFF) arrangement.
I.M.F. Agrees to Much Larger Rescue Package for Egypt
Mar 6, 2024 · The International Monetary Fund has agreed to more than double a bailout package for Egypt, which is going through its worst economic crisis in decades, exacerbated by war in the...
Egypt secures IMF deal after pound plunge, bumper rate hike
Mar 6, 2024 · Egypt secured an expanded $8 billion deal on Wednesday with the International Monetary Fund, hours after the central bank unshackled its currency and delivered a 600 basis points rate hike in a...
IMF, Egypt reach deal to unlock $1.2bn to shore up strained public ...
Dec 25, 2024 · The International Monetary Fund (IMF) has announced that it has reached an agreement with Egypt to unlock about $1.2bn in funds to prop up the country’s troubled finances.
Egypt strikes expanded $8bn deal with the IMF | International Monetary ...
Mar 6, 2024 · The new agreement announced on Wednesday is an expansion of the $3bn, 46-month Extended Fund Facility that the IMF struck with Egypt back in December 2022, which was predicated on the shift to...
Egypt, IMF reach staff-level agreement on 4th EFF review ... - Egypt …
CAIRO – 25 December 2024: The International Monetary Fund (IMF) announced on Tuesday reaching a staff-level agreement with Egypt on the fourth review under the lender’s Extended Fund Facility arrangement. The agreement, subject to approval by the IMF Executive Board, will unlock around $1.2 billion loan under the programme.