economic reform program

  • Egypt, IMF Reach Staff-Level Agreement for $2B Loan Disbursement

    Egypt, IMF Reach Staff-Level Agreement for $2B Loan Disbursement

    Thursday, 1st November 2018

    The International Monetary Fund (IMF) reached a staff-level agreement with the Egyptian government on October 30, paving the way for the release of the fifth loan tranche of $2 billion.

  • Egypt Close to Settling Foreign Petroleum Debts

    Egypt Close to Settling Foreign Petroleum Debts

    Monday, 30th July 2018

    Egypt is edging closer to repaying its debts to foreign petroleum companies after paying $1.2 billion to International Oil Companies (IOCs) operating in Egypt with plans to repay the remaining $1.2 billion owed before the end of 2019.