Fuel Prices Hiked for Third Time Since 2016
The government announced new fuel price increases on June 16, the third time prices have risen since the country floated the Egyptian pound in November 2016.
IMF | Egypt Oil & Gas - Part 3
Egyptian Government to Hike Electricity Prices by 26%
Electricity prices will increase by an average of 26% on July 1 as subsidy cuts included in the 2018/19 fiscal budget are introduced.
Inflation Falls to 11.4% in May
Egypt’s annual headline consumer price inflation (CPI) fell 1.7% in May 2018.
Egypt Determined to Complete Energy Reforms
The Egyptian government is determined to complete the energy subsidies’ reforms within the framework of the economic reform program agreed upon with the International Monetary Fund (IMF).
IMF Begins Third Review of Egyptian Economic Reforms
A delegation from the International Monetary Fund (IMF) arrived in Egypt on May 4 to conduct the third review of Egypt's economic reform program.
IMF: 5.2% Egypt GDP in 2018
Egypt's gross domestic product (GDP) will reach 5.2% during 2018, up from 4.2% in 2017, according to new IMF projections.
IMF Delegation to Visit Egypt for Periodic Review
An International Monetary Fund delegation will visit Egypt in May 2018 to conduct the periodic review of the country’s economic reform program.
IMF Recommends Further Cuts of Fuel Subsidies
The International Monetary Fund (IMF) believes that gas subsidies benefit mainly the rich, advising the Egyptian government to allow fuel prices to change in line with costs.
Egypt to Receive $2B from the IMF in Mid-2018
Egypt will receive a $2 billion installment of its $12 billion loan from the International Monetary Fund (IMF) in June or July.
IMF Approves $2 Billion Loan Installment
The International Monetary Fund (IMF) approved a $2 billion installment of the second tranche of its $12 billion loan to Egypt.
