International Monetary Fund | Egypt Oil & Gas

Egyptian Government Increases Gas Prices By Up to 75%

Egypt will raise natural gas prices for households and businesses by up to 75% from the beginning of August.

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.

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.

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.

Angola to Negotiate Three-Year Loan With IMF

Angola will begin loan negotiations with the International Monetary Fund on a three-year loan facility next week as lower oil prices hammer the finances of Africa's second-largest crude exporter, the Finance Ministry ...

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 mission tol ...

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.

IMF is Ready to Lend to African Oil Producers, No Requests Made

The 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.

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.

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 International Mone ...

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