International Monetary Fund | Egypt Oil & Gas
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, Egypt Oil & Gas reports. The new price of 95-octane ben...
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, according to a document released by the Ministry of Electricity. Households will se...
Low Oil Prices Forces IMF to Cut Global Growth Forecast Again
The International Monetary Fund (IMF) has cut its outlook for 2016 economic growth for the fourth time in the past year, citing low oil prices, China’s slowdown, and chronic weakness in advanced economies. The lender ...
Angola to Negotiate Three-Year Loan With IMF
Angola is the latest oil-producing country seeking international help to cope with the fallout from low crude prices. As Reuters wrote, the country will begin loan negotiations with the International Monetary Fund (I...
IMF Expected to Unlock $15b in International Assistance to Iraq
The International Monetary Fund (IMF) could approve a standby arrangement (SBA) with Iraq as early as June, unlocking $15b in international assistance over the next three years, the head of the IMF’s Iraq missio...
IMF Cuts Nigeria’s Growth Forecast to 2.3% in 2016
The International Monetary Fund (IMF) cuts again its growth forecast for Nigeria as the oil exporter faces “substantial challenges” due to low crude prices. In its annual review of Nigeria’s economic...
IMF is Ready to Lend to African Oil Producers, No Requests Made
The International Monetary Fund (IMF) said it stands ready to help sub-Saharan Africa’s oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding requests fr...
IMF, WB Mull $3b Loan to Azerbaijan’s Weakening Oil Economy
The International Monetary Fund and World Bank are considering a $3b loan to Azerbaijan to help the country face weakening currency amid global oil price slump, Pop Herald informed. The news came following an official...
IMF: Mozambique as Africa’s Largest Gas Economy by 2028
Mozambique’s natural gas reserves discovered in 2010 could contribute to making the country one of Africa’s largest economies by 2028, when its gas production is to reach its peak, according to the Interna...Page 1 of 1
