Home Page Pioneers Holding Website Site Map
Release from Pioneers Holding (PIOH.CA)       Egyptian Media Production City (MPRC.CA) - Board Of Directors Decisions       Release from El sewedy Electric (SWDY.CA) Concerning portfolio of renewable Energy Assets in operation       Release from El Obour Real Estate Investment (OBRI.CA) Concerning The Non-Quorum Of The Ordinary General Assembly       Release from FRA concerning Egyptians Abroad for Investment & Development (ABRD.CA)       Ismailia National Food Industries (INFI.CA) - EGM Decisions       Release from The Arab Dairy Products Co. Arab Dairy - Panda (ADPC.CA)       Release from FRA concerning Egyptians Abroad for Investment & Development (ABRD.CA)       Golden Pyramids Plaza (GPPL.CA) - Corporate Governance Report       Heliopolis HoRelease From Heliopolis Housing (HELI.CA) Regarding The Direct Sale Of Plots Of Lands In The Sheraton Area       Arab Valves Company (ARVA.CA) - AGM Decisions       Misr Cement (Qena) (MCQE.CA) - AGM & EGM Decisions       Release from Rakta Paper Manufacturing (RAKT.CA) Concerning an Auction       Release from Extracted Oils (ZEOT.CA) Concerning the Lack Of The Quorum Of The EGM       Release from Extracted Oils (ZEOT.CA) Concerning the Lack Of The Quorum Of The EGM       Egypt has enough rice stocks to last until December - minister says       Memphis Pharmaceuticals (MPCI.CA) - Board Of Directors Decisions       Misr Oils & Soap (MOSC.CA) - EGM Decisions       C I Capital Holding For financial Investments (CICH.CA) Release Concerning a Clients Shares       Release from El Ahli Investment and Development (AFDI.CA) Concerning the Financial Statements      
ACGC.CA  5.67    1.07%      AFDI.CA  12.02    1.52%      APSW.CA  2.71    1.88%      COMI.CA  73.35    0.87%      EFIC.CA  16.93    1.93%      EGTS.CA  1.55    2.65%      EHDR.CA  5.13    2.40%      EKHO.CA  0.80    -1.23%      ELEC.CA  0.89    3.49%      ELKA.CA  14.98    0.00%      EMOB.CA  128.73    1.83%      EPCO.CA  2.30    0.00%      ESRS.CA  19.59    0.98%      ETEL.CA  13.49    -0.37%      HRHO.CA  23.27    0.00%      IFAP.CA  2.38    2.15%      KABO.CA  1.49    0.68%      MNHD.CA  10.29    1.78%      MOIL.CA  0.28    3.70%      NCGC.CA  6.55    0.00%      OCDI.CA  19.54    0.41%      OCIC.CA  217.47    0.00%      ORTE.CA  4.42    1.38%      PHDC.CA  4.06    1.50%      PIOH.CA  8.47    0.59%      SPIN.CA  2.05    1.49%      SVCE.CA  5.49    2.23%      SWDY.CA  136.72    0.80%      TMGH.CA  10.22    1.89%      UEGC.CA  0.77    1.32%      
First Name
Last Name
E-Mail
E-Mail
IMF staff agrees to disburse final $2B tranche of Egypt loan


Cairo: The International Monetary Fund said on Friday its team had reached a staff-level agreement with Egypt to disburse the final $2 billion tranche of a $12 billion loan.
The three-year loan program was signed in 2016. As part of the IMF program, Egypt has been carrying out economic reforms including a steep devaluation of the pound, deep cuts to its energy subsidies and the introduction of new taxes.
In a statement, the IMF said that Egypts fiscal policies and flexible exchange rate had contributed to economic stabilization and made Egypt more resilient to external shocks.
Looking ahead, we welcome the authorities focus on structural reforms as it needs to be deepened to facilitate inclusive growth and job creation for all, it added.
The staff-level agreement still needs to be approved by the IMFs executive board.


Time Added: 2019-05-19 11:43:40
Source: arabfinance
  print
Send to a friend
Your Name
Your E-mail
Your Friend Name
Your Friend E-mail
Your Message
 
Share on Facebook

Related News
Release from Pioneers Holding (PIOH.CA)
Egyptian Media Production City (MPRC.CA) - Board Of Directors Decisions
Release from El sewedy Electric (SWDY.CA) Concerning portfolio of renewable Energy Assets in operation
Release from El Obour Real Estate Investment (OBRI.CA) Concerning The Non-Quorum Of The Ordinary General Assembly
Release from FRA concerning Egyptians Abroad for Investment & Development (ABRD.CA)
Ismailia National Food Industries (INFI.CA) - EGM Decisions
Release from The Arab Dairy Products Co. Arab Dairy - Panda (ADPC.CA)
Release from FRA concerning Egyptians Abroad for Investment & Development (ABRD.CA)
Golden Pyramids Plaza (GPPL.CA) - Corporate Governance Report
Heliopolis HoRelease From Heliopolis Housing (HELI.CA) Regarding The Direct Sale Of Plots Of Lands In The Sheraton Area