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  • CAIRO— A delegation from the International Monetary Fund arrived in Egypt on Saturday, responding to a request for a multibillion dollar bailout for the country's flagging economy. Cairo airport officials said the IMF mission chief for Egypt, Christopher Jarvis, led the team that would meet officials later in the day from the Finance Ministry and the Central...

  • Egypt said late on Tuesday it was seeking $4 billion a year over three years from the International Monetary Fund to help plug a funding gap. Egyptian stocks have surged on hopes a deal would revive confidence and allow Egypt to remove restrictions on access to hard currency that have hit manufacturing and trade and made it hard for foreign firms to repatriate...

  • WASHINGTON, July 28- The International Monetary Fund said on Thursday that the size of Egypt's financing program will be determined by a two-week IMF mission to Cairo starting this weekend. He noted that Egypt's quota, or shares in the Fund, are about 2.08 billion Special Drawing Rights- the IMF's unit of account- or about $2.9 billion at current exchange rates.

  • WASHINGTON— The International Monetary Fund was unprepared for the debt crisis that hit Europe and was slow to press for debt relief that might have eased Greece's economic pain and allowed it to pay its bills, an IMF watchdog says. As part of a so-called troika with the European Commission and the European Central Bank, the IMF bailed out Greece, Ireland and...

  • The IMF also did not make a serious attempt to quantify the risk of financial contagion throughout Europe that was used to justify its granting of "exceptional access" funding to Greece when the country's debt was widely viewed internally as not having a high likelihood of repayment. The 30 billion-euro IMF program for Greece needed renegotiation in 2012, and...

  • WASHINGTON, July 28- The International Monetary Fund said on Thursday that the size of Egypt's financing program will be determined by a two-week IMF mission to Cairo starting this weekend.

  • DUBLIN, July 28- Ireland's economic recovery has been exceptional but is incomplete and now subject to large downside risks after Britain's vote to leave the European Union, the International Monetary Fund said on Thursday. Ireland's economy has bounced back rapidly since it left an IMF aid programme in 2013 but is considered more vulnerable than any other in...

  • CAIRO, July 28- Egypt expects to receive at least $2 billion within two months of agreeing a three-year $12 billion loan program with the International Monetary Fund, a senior finance ministry official said on Thursday. Egypt announced late on Tuesday it was seeking $4 billion a year over three years from the IMF to help plug a funding gap and restore market...

  • CAIRO, July 28- Egypt expects to receive at least $2 billion within two months of agreeing a three-year $12 billion loan programme with the International Monetary Fund, a senior finance ministry official said on Thursday. Egypt announced late on Tuesday it was seeking $4 billion a year over three years from the International Monetary Fund to help plug a funding...

  • CAIRO, July 28- Egypt must repay each tranche of any loan it receives from the International Monetary Fund over five years, including a grace period of three and a quarter years, deputy finance minister Ahmed Kojak said on Thursday. "Each tranche we receive must be repaid over five years, including a three and a quarter year grace period," Kojak said.

  • CAIRO, July 28- Egypt must repay each tranche of any loan it receives from the International Monetary Fund over five years, including a grace period of three and a quarter years, deputy finance minister Ahmed Kojak said on Thursday. "Each tranche we receive must be repaid over five years, including a three and a quarter year grace period," Kojak said.

  • CAIRO, July 28- Egypt expects to receive at least $2 billion within two months of agreeing a three-year $12 billion loan programme with the International Monetary Fund, deputy finance minister Ahmed Kojak said on Thursday.

  • CAIRO— Egypt is in the "final stages" of negotiating an agreement with the International Monetary Fund to secure a $12 billion loan over three years, while targeting more loans totaling $7 billion annually, according to a Cabinet statement. Amr el-Garhy, the finance minister, told the CBC TV network on Tuesday that Egypt is discussing a total of $12 billion from the...

  • CAIRO, July 26- Egypt said on Tuesday it was close to agreeing an International Monetary Fund lending programme to ease its funding gap and restore market stability and was seeking to secure $7 billion annually over three years. Prime Minister Sherif Ismail ordered the central bank governor and minister of finance to complete negotiations for the programme...

  • CAIRO, July 26- Egypt said on Tuesday it was close to agreeing an International Monetary Fund lending program to ease its funding gap and restore market stability and was seeking to secure $7 billion annually over three years. Prime Minister Sherif Ismail ordered the central bank governor and minister of finance to complete negotiations for the program with...

  • CHISINAU, Moldova— The International Monetary Fund reached an agreement Tuesday with Moldova for a $179 million, 3- year loan arrangement conditional on the government carrying out reforms. The IMF left Moldova in September 2015, saying it would not negotiate a new loan program with Moldova, following weeks of protests and the resignation of the central bank...

  • WASHINGTON, July 25- The International Monetary Fund on Monday said it adopted a new methodology for calculating the currency amounts in the Special Drawing Rights the fund uses for transactions, partly to ensure that China's yuan meets the IMF Board's intended weighting. The changes will apply to a historic rebalancing of the SDR basket on Oct. 1 to include the...

  • WASHINGTON, July 25- The International Monetary Fund on Monday said it adopted a new methodology for calculating the currency amounts in its Special Drawing Rights, the Fund's unit of account, partly to ensure that China's yuan meets the IMF Board's intended weighting. The changes will apply to a historic rebalancing of the SDR basket on Oct. 1 to include the yuan...

  • G20 Finance Ministers and Central Bank Governors pose during a group photo photo the G20 Finance Ministers and Central Bank Governors meeting on July 24, 2016 in Chengdu, China.

    The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said during the G-20 meeting.

  • Italian Banks PKG

    Bank of Italy Governor Ignazio Visco says it is not the entire Italian banking system that has issues with capital and non-performing loans.