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Morsi described IMF as a “testament to how capable Egypt is in transitioning economically, rather than a funding opportunity”. (AFP Photo /Egyptian Presidency)

IMF loan talks to resume in March

IMF loan negotiations with Egypt are to resume early March after talks were postponed due to the country’s political turmoil and economic slump, Morsi’s recent austerity measures aim to make Egypt eligible for the loan

Daily News Egypt

Egypt: Banks attracting Gulf investors

  By Robert Tashima Despite an uncertain political climate and a sluggish economic recovery, the long-term prospects of Egyptian banks are attracting attention from their Gulf counterparts. Two recently announced acquisitions have brought the sector back into the headlines on a positive note, helping offset a recent ratings downgrade. While the transactions also represent the …

Daily News Egypt

Rebel Economy Wrap: The IMF dam

By: Farah Halime Billions of dollars of financing earmarked for Egypt is mounting up behind an International Monetary Fund (IMF) dam. Until Egypt agrees a final deal with the IMF for a $4.8 bn loan package, none of the estimated $14.5 bn in additional financial support and aid will be released. The effects of the …

Daily News Egypt

Egypt updates its economic plan to obtain IMF loan

The government is in the process of updating the economic plan it presented to the International Monetary Fund (IMF) in an attempt to secure the $4.8 billion loan desperately sought by Egypt. “One part is to see, go back and revisit those measures that they had put on hold, which they need to reinstate” and …

Mohamed Salah

IMF loan talks to resume

This loan will be a certificate of trust for the Egyptian economy, it proves that Egypt can repay its loans, so they can seek more loans

Liliana Mihaila

IMF deal approval delayed

The International Monetary Fund said that Egypt had asked to delay its request for a $4.8 billion loan agreed in November as violent protests mount in Cairo ahead of a referendum on the constitution

Liliana Mihaila

Morsy and IMF chief confirm independence of Egypt’s economic policy making

By Noah Chasek-Macfoy International Monetary Fund Director Christine Lagarde confirmed on Saturday that there are no preconditions placed on Egypt before the expected arrival of an IMF delegation at the beginning of next month to discuss Egypt’s request for $4.8 loan. Lagarde’s comments were made after attending a meeting with GCC countries in Riyad. Egypt …

Daily News Egypt

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