The central bank lowered rates by 100 basis points on May 22 and by 225 basis points on April 17, its first adjustments since ...

Egypt's annual headline inflation rate is forecast to have decelerated slightly in June to 16.2% as some food and beverage ...

BRICS, the developing world's stand-in to the G-7 grouping. was expanded at the Kazan Summit, last year. Post expansion, ...

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

Finance ministers from the BRICS nations have unified their call for comprehensive reform of the International Monetary Fund.

The International Monetary Fund (IMF) on Thursday said it would combine the fifth and sixth reviews of Egypt’s $8 billion support programme this fall to give authorities more time to meet critical ...

The IMF praised Senegal for acting to engage reforms to strengthen its economy, while also working with the IMF to clarify ...

The International Monetary Fund on Thursday said it would combine the fifth and sixth reviews of Egypt's $8 billion support ...

The International Monetary Fund on Thursday said it would combine the fifth and sixth reviews of Egypt's $8 billion support ...

A long history with the IMF Egypt’s engagement with the International Monetary Fund first began in May 1962, marked by its inaugural loan agreement designed to stabilize the economy. Decades later, in ...

On January 9th, President Abdel Fattah El-Sisi passed Law No. 247 of 2024, authorizing the increase of Egypt's share in the IMF by 50%. In its January World Economic Outlook Report, the IMF lowered ...

Under Egypt's 46-month program, which was started in December 2022, this agreement represents the fourth review. Egypt and the IMF emphasized the need of creating a more competitive business climate.