Skip to main content

Home/ DropEgyptsDebt/ Group items tagged Finance

Rss Feed Group items tagged

Ahmed Badawi

Uprising costs Egypt $9.79 billion: Geopolicity Report - Economy - Business - Ahram Online - 0 views

  •  
    Egypt's Revolution has cost the country, up to September, US$9.79 billion, according to a report issued by consultancy group Geopolicity. Titled "The cost of the Arab spring & Roadmap for G20/UN support", the report shows results of a costing exercise undertaken by Geopolicity, based on data from the International Monetary Fund (IMF). It accounts for the impact of productivity losses on GDP and public finance, but excludes losses to human life, infrastructure damage and business and foreign direct investment losses. The near 10 billion dollars shed by Egypt are divided among the $4.27 billion cost to GDP and $5.52 billion in lost public finances.
nohaelshoky

Finance minister expects to get IMF loan by end-June | Egypt Independent - 0 views

  •  
    Egypt's government expects to seal a loan from the International Monetary Fund by 15 May, allowing the money to be disbursed before a new president is sworn in at the end of June, Finance Minister Momtaz al-Saeed said on Thursday. "We expect to get approval of the IMF loan before 15 May," Saeed told reporters in Cairo.
Ahmed Badawi

Qatari help to Egypt is a grant, not a loan, says finance minister - Economy - Business... - 0 views

  •  
    Finance Minister Hazem El-Beblawi says Qatar transferred $500 million last week as a grant to Egypt for budgetary support
nohaelshoky

Egypt may resume talks on financing from IMF (Dec 15th 2011) - 0 views

  •  
    Dec 15th
nohaelshoky

Projects to be Financed المشروعات التى مولها , أو سيمولها , بنك الاستثمار ال... - 0 views

  •  
    Copyright © European Investment Bank 2011 The European Investment Bank is not responsible for the content of external internet sites. The list below contains the projects submitted to the EIB for financing purposes. Only projects covered by the EIB's transparency policy are included (see explanatory notes).
philip rizk

Global finance has dysfunction at its heart | Ha-Joon Chang | Comment is free | The Gua... - 0 views

  • While this debate is crucial, it should not distract us from the urgent need to reform our financial system, whose dysfunctionality lies at the heart of this crisis
  • why not simply ban products whose safety cannot be convincingly demonstrated, as we do with drugs
nohaelshoky

SCAF has not raised Egypt's foreign debt ceiling, so far: Official - Economy - Business... - 0 views

  •  
    SCAF has not raised Egypt's foreign debt ceiling, so far: Official The IMF may yet ink a $3 billion loan deal with Egypt despite disagreements between the country's military and finance and planning ministries over foreign borrowing, an insider tells Ahram Online Salma Hussein, Thursday 27 Oct 2011 The current visit of an IMF delegation to Cairo could end up yielding a loan agreement, a finance ministry official has told Ahram Online on condition of anonymity.
nohaelshoky

UPDATE 1-Egypt finmin expects to get IMF loan by end-June - 0 views

  •  
    Thu Apr 12, 2012 5:59am EDT * Minister confident loan will be sealed next month * Muslim Brotherhood won't accept loan without new terms or govt, due in June * IMF had made broad political support a condition CAIRO, April 12 (Reuters) - Egypt's government expects to seal a loan from the International Monetary Fund by May 15, allowing the money to be disbursed before a new president is sworn in at the end of June, the country's Finance Minister Mumtaz al-Saeed said on Thursday.
philip rizk

The Hidden Costs of Egypt's IMF Loan | Al Akhbar English - 0 views

  • The Popular Campaign to Drop Egypt’s Debt issued a statement Thursday opposing the IMF loan and questioning the lack of information about “the extent to which the Egyptian economy needs this massive amount of dollars.” The group protested that there had been no discussion of alternative ways of financing public spending, adding that the government had obtained foreign loans amounting to $6 billion over the past year without any democratic oversight. Governments appointed by the military since the revolution had also borrowed record amounts from Egyptian banks, it said, and “it is not known how they were spent.”
nohaelshoky

Arab civil society rejects IFI involvement (Bretton Woods Project) - 1 views

  •  
    "the Bank tends to threaten rather than improve food security " Breaking Up? A Route Out of the Eurozone Crisis 13 January In late June, the Egyptian Ministry of Finance turned down a $3 billion loan package from the IMF, citing the rejection as a response to "public debate".
nohaelshoky

Gamal Mubarak and Atef Ebeid Lost 7 billion Egyptian Pounds in Privatization Scandal | ... - 1 views

  •  
    Reports revealed new details in the on-going investigation of government privatizing and selling public-sector companies for less than their predetermined prices. These reports, compiled by the Public Funds Prosecution and the Administrative Supervisory Authority, suggest that Gamal Mubarak, son of deposed President Hosni Mubarak, Atef Ebeid, the former Prime Minister, and nine former ministers, wasted some LE7 billion in privatizing 11of 19 public-sector companies.
Ahmed Badawi

Mubarak's Odious Debts - 0 views

  •  
    A glance at Egypt's public finances reveals a disturbing fact: the interest that the country pays on its foreign loans is larger than its budget for education, healthcare, and housing combined. Indeed, these debt-service costs alone account for 22 percent of the Egyptian government's total expenditures.
Ahmed Badawi

EBRD to start North Africa lending by mid-2012 - 0 views

  •  
    The EBRD, an international lending institution which has focused on emerging European economies, announced last week that shareholder governments had backed the expansion of its mandate to North Africa. The bank is one of the tools the international community will use to supply aid to Arab governments and encourage them to pursue democratic reforms in the wake of this year's Arab Spring political unrest.
nohaelshoky

Drop 'dictator debt,' activists and economists say | Al-Masry Al-Youm: Today's News fro... - 0 views

  •  
    Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country is on the brink of a liquidity crisis. Meanwhile, economic growth has slowed since the uprising, decreasing government revenues, while public sector workers around the country are striking to raise wages that have been stagnant for decades.
1 - 16 of 16
Showing 20 items per page