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egyptian economy News

Op-Ed: After four years of el-Sisi rule in Egypt conditions worsen

Cairo - Four years after the Egyptian military overthrew the democratically elected president, Mohamed Morsi, the country is in sad shape both socially and economically..

IMF loan comes with policies that will hurt many Egyptians

Cairo - The Egyptian economy has done poorly during the presidency of Abdel el-Sisi. The IMF is coming to the rescue with a three year loan package of $12 billion.

Egypt reaches deal with IMF for loan of $12 billion over 3 years

Cairo - The International Monetary Fund (IMF) announced it had reached a deal with Egyptian authorities for a $12 billion loan over a period of three years. Egypt has been facing a dollar shortage, falling foreign reserves and a battered economy.

Egypt rejects IMF offer of emergency rescue loan

Cairo - Egypt has rejected an offer by the IMF of a $750 million emergency rescue loan even though talks remain stalled on a larger $4.8 billion loan.

Op-Ed: Egypt requests IMF loan

Cairo - In 2011 Egypt rejected a loan from the IMF. The government is now asking for more than $3 billion U.S. from the International Monetary Fund. Egypt asked for a loan earlier this year but the deal fell through.
 

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