Microfinance in Egypt grows by 7% in 3rd quarter of 2020

Thu, 31 Dec 2020 - 08:37 GMT

The number of beneficiaries also rose slightly by 0.5 percent.

Minister highlights fact on French loans to Egypt in 2019-23

Thu, 10 Dec 2020 - 10:22 GMT

Egypt is receiving €1 billion during that period.

IMF plans to disburse $1.6 billion to Egypt as part of $5.2 billion loan, hails its economy performance

Thu, 19 Nov 2020 - 09:32 GMT

The IMF staff team and the Egyptian authorities have reached a staff-level agreement on the first review of Egypt’s economic program supported by the IMF’s $5.2 billion Stand-by Arrangement

EBRD offers Egypt, 4 countries $200M loan to strengthen agribusinesses, help local farmers

Wed, 19 Aug 2020 - 03:46 GMT

The loan will also strengthen farmers’ agribusinesses and improve their financial wellbeing through financing purchases of various agricultural commodities such as hazelnuts, dry dairy products, grain and onions in selected countries of operation.

EBRD provides Banque Misr with $100M loan

Tue, 11 Aug 2020 - 03:43 GMT

The proceeds of the proposed loan will be on-lent to local private small and medium-sized enterprises and to corporates, supporting them in bridging liquidity needs.

Egypt signs $639M with Arab Monetary Fund

Wed, 29 Jul 2020 - 04:05 GMT

The loan agreement was signed by Minister of International Cooperation, Rania Al-Mashat, and Chairman of the Fund Abdul Rahman bin Abdullah Al-Hamidi.

Egypt to receive first tranche of IMF $5.2B loan during next few days

Mon, 29 Jun 2020 - 03:21 GMT

Abu El Naga clarified that the first tranche worth $2 billion.

EBRD finances NBE with $200M to confront coronavirus ramifications

Mon, 22 Jun 2020 - 04:58 GMT

EBRD will provide a $100 million loan to help NBE provide short-term loans to private small and medium-sized enterprises and firms facing liquidity strains.

AfDB approves €225 million loan to finance Egypt’s Electricity, Green Growth Support Program

Wed, 17 Jun 2020 - 05:37 GMT

The project would help meet the Government’s financing requirements, expand social expenditures to mitigate the socio-economic impact of the pandemic.

Egypt seeks loan of over $1B, taps UAE banks - sources

Tue, 16 Jun 2020 - 02:14 GMT

The coronavirus crisis has battered Egypt’s finances by shutting down tourism, denting remittances from Egyptians working abroad and triggering capital flight.

Egypt’s parliament approves $50M-agreement loan from EBRD

Tue, 16 Jun 2020 - 02:11 GMT

The financing comes for the completion of the project of improving the performance of the oil and gas sector in Egypt.

Republican decree approving Kuwaiti loan to finance tunnel project in Sharm

Thu, 04 Jun 2020 - 09:43 GMT

The decree stipulates amendment of the first loan agreement signed on March 13, 2018 between the Arab Republic of Egypt and Kuwaiti Fund for Arab Economic Development.

Central Bank of Egypt issues loan guarantees worth LE100B for banks to fund investors

Tue, 19 May 2020 - 12:08 GMT

The banks should be encouraged to be part of an initiative offering loans of 8 percent diminishing balance interest rate to private investors in certain sectors.

EgyptAir gets $2B supportive loan to face COVID-19 pandemic

Sun, 17 May 2020 - 11:15 GMT

Ma’it added that the state treasury will bear the loan’s burden until the company achieves operating rates equivalent to 80 percent of the operating volume in 2019.

CBE deputy governor: New IMF loan not to add burdens to people

Thu, 14 May 2020 - 03:58 GMT

He said the economic reform program which Egypt put into effect in 2016 managed to create a strong economy capable of containing crises.

Egypt negotiates on another financial package from IMF

Thu, 14 May 2020 - 09:12 GMT

On the $6 billion financing package expected from the IMF, Deputy Governor of the Central Bank of Egypt (CBE) said that negotiations haven’t ended yet.

Egypt receives $2.7 billion from IMF

Wed, 13 May 2020 - 11:02 GMT

The loan, which will be paid back over a period of five years, comes as part of the the Rapid Financing Instrument (RFI) program.

IMF statement on Egypt's emergency financial assistance approval

Mon, 11 May 2020 - 07:53 GMT

The Executive Board of the International Monetary Fund (IMF) approved Egypt’s request for emergency financial assistance of SDR 2,037.1 million ($2.772 billion)

IMF to mull Egypt's request for loan in May 11 meeting

Thu, 07 May 2020 - 11:52 GMT

In April, Egypt's Prime Minister Moustafa Madbouli asked the IMF for financial support to help the country deal with the new coronavirus outbreak.

Minister reveals status of industrial sector amid COVID-19 crisis

Tue, 28 Apr 2020 - 02:55 GMT

There are negative and positive aspects.