IMF Loan | Egypt Oil & Gas
Germany to Extend $250M Loan to Egypt
The German government will provide a $250 million loan next year to help finance Egypt’s budget, the German Ambassador to Cairo, Julius Georg Luy, announced, according to Al Ahram Online. While Egypt has been reducing...
Fuel Prices to Increase by 25%
An official with the Egyptian government sated that Egypt will lift fuel subsidies and subsequently increase selling prices of petroleum derivatives by 20% to 25%. He estimated that the government will implement the ...
IMF Board to Review Egypt’s Loan
International Monetary Fund’s (IMF) Director of the Middle East and Central Asia department at the , Masood Ahmed, announced the $2.5b first tranche of the IMF’s $12b loan will be made available to Egypt a... Egypt Secured $6b IMF Funding Requirement
A source from the Central Bank of Egypt (CBE) stated that the country has managed to primarily secure the additional funding required to proceed in the International Monetary Fund (IMF) loan. Efforts exerted by both t...
Ismail: Egypt’s Power, Gas Reserves Sufficient until 2026
Egyptian Prime Minister, Sherif Ismail, stated in a meeting with editors-in-chief of national newspapers, that Egypt’s strategic reserves of gas and electricity are sufficient to address domestic demand till 202...
Moody’s Affirms Egypt’s B3 Rating
Moody’s Investor service affirmed Egypt’s long term and senior unsecured bond rating at a stable B3 in which credit risks face deep structural concerns such as weak government reserves, weak external payment position,...
IMF Agrees to $12b Loan to Egypt
The International Monetary Fund (IMF) has agreed to lend $12b to Egypt to be paid out over three years, yet the agreement is subject to approval by IMF’s Executive Board in few weeks, according to IMF’s website.... Egypt Evaluates Gas Prices in Market Liberalization Efforts
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that the Egyptian General Petroleum Corporation (EGPC) gives priority to reforms within the gas market, in order to guarantee that deman...Page 1 of 1
