Egypt, International Monetary Fund and IMF Backs
IMF Backs $2.5 Billion for Egypt While Urging More Reforms
The International Monetary Fund approved $2.5 billion in financing for Egypt — about half of which will be paid out immediately — as it urged further reforms for the country that’s seeking to emerge from its worst economic crisis in decades.
IMF Backs $2.5 Billion for Egypt in Loan Tranche, Climate Funds
The larger IMF deal is a keystone of a $57 billion global bailout for the Middle East’s most populous country. Mired in economic crisis since early 2022, Egypt’s stability was seen as increasingly crucial with the Israel-Hamas war roiling the region.
The International Monetary Fund says it has completed its fourth review of Egypt’s economic reform program, approving a $1.2 billion disbursement for the North African country.
The Ukrainian authorities themselves asked the International Monetary Fund (IMF) to lend less money. This was announced at a ...
The IMF’s upgrade for 2024 is in line with Beijing’s growth target of “around” 5%, which the economy appears to be on track to reach after it blew past expectations to post growth of 5.3% ...
The missed IMF targets come amid staggering debt service obligations, with domestic debt service payments projected at GH¢150 ...
El Salvador announced on Wednesday the purchase of a bitcoin, which takes the total in the country's strategic reserve to ...
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