IMF | Egypt Oil & Gas - Part 6
El Sisi: Egypt to End Its FX Exchange Problem
In an interview with three state-run newspapers, Egyptian President, Abdel Fattah El Sisi, stated that Egypt would end its dollar exchange rate problem, as the country can’t put off tough measures to revive the econom...
Egypt Expects to Receive $7.5b in Foreign Aid
Egypt aims to raise $21b from international financial institutions and bilateral agreements over the course of three years. The country’s Prime Minister, Sherif Ismail, said to Bloomberg that Egypt expects to r...
Egypt to Receive First IMF Installment in September
The $12b loan that the International Monetary Fund (IMF) has preliminarily agreed to provide for Egypt, with an expected interest rate to be set at 1.5%, will be divided into three tranches, each worth $4b and paid ou...
Egypt Mulls $3b-$5b Eurobonds in 2016
Egypt requested proposals to issue $3b to $5b bonds in the current fiscal year as part of the government’s efforts to shore up reserves and end a foreign-currency shortage that is hampering economic growth, acco... 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...
Oil Expert: IMF Loan is a Trap
‘The International Monetary Fund (IMF) is a trap meant to drown Egypt in foreign loans and if Egypt accepts it, the country may soon declare bankruptcy,’ said Ibrahim Zahran, a petroleum expert, in an excl...
Egypt: Fuel Prices Will Not Rise over IMF Loan
Following recent talks with the IMF, an official from the Egyptian General Petroleum Corporation (EGPC) stated for Egypt Oil&Gas that the price of fuel will not change. During negotiations, the government confirm...
President Al Sisi Discussed Economic Reforms ahead of IMF Visit
Egypt’s President Abdel Fattah Al Sisi held a meeting with Prime Minister, Sherif Ismail, and members of the Economic Ministerial Committee to discuss economic developments, including the pending loan from the I...
