Egypt has not asked IMF loan increase - central bank in paper


CAIRO (Reuters) - Egypt has not asked the International Monetary Fund (IMF) to increase its previously requested $4.8 billion loan, central bank governor Hisham Ramez said in remarks published on Sunday.

He also told al-Shorouk newspaper that Egypt could still request to increase the loan by $1 billion if the maturity period was extended to more than 30 months from the 22 months envisaged in the original deal initialled last November.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Interventions underway as water crisis intensifies in Johannesburg, South Africa
Carney plans visit to Tumbler Ridge as Canada grieves mass shooting
Ethiopia's central bank relaxes foreign exchange directive
Nipah patient dies inside hospital in India's West Bengal
Tanzanian PM calls for African cooperation in fight against cancer
Norway, France to finance more military support for Ukraine
Mali announces partial cabinet reshuffle
2 Ghanaian ministers involved in tragic road accident in northern Ghana
Egypt cuts key interest rates by 1 pct
French conservative Bruno Retailleau to run for president in 2027

Others Also Read