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IMF LOAN EGYPT
Egypt's middle class cuts costs as IMF-backed reforms take holdEgypt's middle class is facing an unprecedented economic crisis, with many struggling to afford basic necessities. IMF-backed reforms, incl...17 Nov, 2024, 07.00 AM IST- IMF, World Bank meetings clouded by wars, slow economic growth, US electionGlobal finance leaders gather in Washington amid uncertainties, including wars, a sluggish Chinese economy, and U.S. election impacts. Key ...21 Oct, 2024, 11.03 AM IST
- Cash-strapped Pakistan makes formal request to IMF for another bailoutPakistan has formally requested a new bailout package from the International Monetary Fund (IMF), ranging between USD 6 to USD 8 billion. T...20 Apr, 2024, 11.49 AM IST
- Egyptians head to polls in election overshadowed by Gaza warEgypt prepares for a presidential election where Abdel Fattah al-Sisi seeks a third term amid economic woes and border conflicts with Gaza....10 Dec, 2023, 07.02 AM IST
- IMF chief says Biden-Xi engagement an important signal for world to cooperateBiden and Xi agreed on Wednesday to open a presidential hotline, resume military-to-military communications and work to curb fentanyl produ...18 Nov, 2023, 08.17 AM IST
- Developing countries in the grip of debt problemsZambia is making progress with a $6.3 billion debt rework deal with creditor nations and China. Sri Lanka has exchanged its dollar-denomina...03 Sep, 2023, 01.15 PM IST
- Pakistan set to become 4th biggest IMF debtor: reportPakistan, currently facing an economic crisis, will become the fourth-largest borrower from the IMF, receiving a $3 billion loan over the n...03 Jul, 2023, 12.13 PM IST
- IMF executive board approves $3bn loan to Egypt under Extended Fund FacilityThe Russian invasion of Ukraine has dealt Egypt several hard blows. As the world's largest importer of wheat, it has been hit hard by soari...17 Dec, 2022, 07.43 AM IST
- After months of talks, IMF-Egypt reach preliminary agreement for $3 billion loan, more details insideThe International Monetary Fund has agreed to the loan on the condition that the Egypt government would utilize the funds for economic refo...27 Oct, 2022, 08.50 PM IST
- Africa’s rising debt: Chinese loans to continent exceeds $140 billionAt least 18 African countries have been re-negotiating their debts while 12 others are in talks with China for restricting an approximate $...23 Sep, 2021, 07.58 AM IST
- The Middle East will lose out on $270 billion worth of oil income amid virus, recessionThe international lender expects an overall economic contraction of 7.3% in Mideast oil exporting countries this year due to hits from the ...13 Jul, 2020, 06.54 PM IST
- IMF's Georgieva says virus crisis could ultimately test $1 trillion war chestThe IMF has been rapidly deploying some $100 billion in emergency financing and has now provided loans and grants to 72 countries.27 Jun, 2020, 12.05 PM IST
- From zero to hero: Pakistan bonds evoke Egypt’s success taleGlobal investors are piling into Pakistan’s local-currency bonds like never before.11 Oct, 2019, 09.39 AM IST
- Pak appoints ex-IMF official as new SBP governorThe government also appointed Ahmed Mujtaba Memon as the chairman of the FBR.05 May, 2019, 01.19 PM IST
- A blow to democracy: All major stakeholders in Egypt gave up on an elected governmentIf brinkmanship is back to haunt Egypt, the blame falls not merely on the military but on other key protagonists.05 Jul, 2013, 04.08 AM IST
- IMF warns rising food prices raising risk of warRising food prices could have terrible consequences for the world, including the risk of war, the IMF said Saturday, calling for action to ...13 Apr, 2008, 07.54 AM IST
- IMF gives larger developing countries greater role in its operationsThe International Monetary Fund's directors approved a major change in its voting mechanism Friday, giving some larger developing countries...29 Mar, 2008, 09.02 AM IST
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