Egypt said on Tuesday it was close to agreeing an International Monetary Fund (IMF) lending programme to ease its funding gap and restore market stability and was seeking to secure $7 billion annually over three years.
Egypt's central bank has started negotiations with the International Monetary Fund over a $5 billion loan, a Minister from Egypt's economic group of ministers told Reuters on Monday.
The negotiations, which started last we
Greece's last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.
Yemen is set to receive $553 million in financial assistance from the IMF over the next three years to help the Gulf state with macroeconomic stability and growth.
The International Monetary Fund said Yemen has launched an "a
The International Monetary Fund said on Friday it had completed a review of its loan programme for Tunisia, clearing the way for disbursement of about $217.5 million.
The latest disbursement brings the total funds released under t
Yemen is close to a deal with the International Monetary Fund on a $550 million loan, the country's planning minister said.
A senior IMF official told Reuters last month that Yemen urgently needs budgetary support.
Egypt has postponed any decision on taking a $4.8 billion loan from the IMF as financial aid from Gulf states has given Cairo some breathing space as it starts to conduct economic reforms, Deputy Prime Minister Ziad Bahaa El-Din said on Tuesday.
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
Turkey is finally standing on its own two feet. That's the message Ankara is sending to international investors with the payment thi
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)
A rainbow-coloured mural on the wall of a café in Egypt's busy capital teems with optimism. Yet the aptly-titled "dream revolution&qu
Saudi Arabia has agreed to provide cash-strapped Egypt with about $4 billion to support its economy, Egypt's state Mena news agency reported on Saturday.
Cairo has been asking donors and the International Monetary Fund (IMF) to help bridg