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  • International Monetary Fund

Egyptian Prime Minister Mostafa Madbouly and Director of the International Monetary Fund, Kristalina Georgieva, during a joint press conference, in the New Administrative Capital, east of Cairo, November 3, 2024. Reuters

New IMF review points to Egypt's progress—with some caveats

There are positives within the latest review of Cairo's progress toward a further $1.3bn financial lifeline, but they come amid deepening economic problems at home, where the cost of living is rising

Marcelle Nasr 29 November 2024
Ships are steering clear of the Suez Canal for fear of Houthi attacks in the Red Sea, which is hitting Egypt's currency. Shutterstock

Taking a pounding: Egypt's economy hit by regional tension

The Egyptian Pound is weak, and the country is losing income from Houthi missiles, causing ships to avoid the Suez Canal. The timing is bad, as Cairo asks the IMF for $750mn in loans.

Marcelle Nasr 02 February 2024
Balancing the dual challenges of poverty and unemployment in Tunisia is President Kais Saied's top priority. Nathalie Lees

Tunisia and IMF deal: Which way will the pendulum swing?

Looming elections and populist politics seem to be behind the impasse over talks to agree reforms to unlock much-needed funds. Tunisia's credibility is being hurt by divisions within the government.

Kawthar Zantour 13 October 2023
The IMF's failure to forewarn of Lebanon's crisis highlights its controversial history and inherent shortcomings as a lender of last resort. Dave Murray

Lebanon shows why the lack of transparency at the IMF is a huge problem

The IMF's stark failure to warn of a looming crisis in Lebanon reveals why it has long been controversial, alongside the characteristic shortcomings as the lender of last resort

Toufic Chanbour 11 October 2023
Egypt, the world's second-largest IMF borrower, has dug itself a hole. Meanwhile, Egyptian citizens are the ones trying to scramble out of it. Aliaa Aboukhaddour

‘International Misery Fund’: Egypt struggles not to fall into IMF debt hole

Egypt, the world's second-largest IMF borrower, has managed to reach several agreements, yet failed to achieve reform goals in the process. Now, Egyptians are bearing the brunt.

Marcelle Nasr 10 October 2023
Marrakech is hosting the annual meetings of the Bretton Woods institutions in October. This is after being unable to convene in Morocco in 2021 due to the COVID-19 pandemic. Alex William

The IMF and Morocco: A 65-year-old story

Marrakech is hosting the annual meetings of the Bretton Woods institutions in October. This is after being unable to convene in Morocco in 2021 due to the COVID-19 pandemic.

Mohamed Sharki 09 October 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi/File Photo

IMF Chief Expects To Keep 2023 Global Growth Forecast Steady At 2.7%

The International Monetary Fund is not expected to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that concerns about an oil price spike had…

12 January 2023
International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi

Global Economy Faces Tougher year in 2023, IMF's Georgieva Warns

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe, and China - all experience weakening activity, the head of the…

02 January 2023
An Egyptian street vendor carries bread and sweets during the celebration of "Moulid", the birth of Al-Sayyida Nafisa, in old Cairo, Egypt December 28, 2022. REUTERS/Amr Abdallah Dalsh

Egypt Lifts Import Curbs, Backs Bigger Private Sector Role To Meet IMF Demands

Egypt on Thursday lifted a key restriction on imports and approved a list of economic activities the government would leave to the private sector, in an effort to meet two key conditions attached to…

30 December 2022
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/

IMF Looks For Egyptian Currency Flexibility After End of December, Official Says

The International Monetary Fund will be watching for a shift by Egypt to a flexible exchange rate after a requirement to finance imports through letters of credit is phased out at the end of this…

19 December 2022
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US President Donald Trump and Saudi Crown Prince and Prime Minister Mohammed Bin Salman exchange a Memorandum of Understanding (MOU) during a ceremony at the Royal Court in Riyadh, Saudi Arabia, on 13 May 2025. REUTERS / Brian Snyder
Politics

US-Saudi ties are the cornerstone of Trump’s Mideast policy

14 November 2025

When Saudi Crown Prince Mohammed bin Salman visits the White House to meet with US President Donald Trump on 18 November, there will be no shortage of issues for the two leaders to discuss

Brian Katulis
This handout photograph released by the official Syrian Arab News Agency (SANA) on 10 November 2025, shows US President Donald Trump (L) shaking hands with Syria's President Ahmed al-Sharaa at the White House in Washington DC. SANA / AFP
Politics

Syria-US rapprochement sees cooperation surge

13 November 2025

Since Trump began lifting sanctions in May, no time has been wasted. US investment delegations have been flocking to Damascus, and security cooperation has already started.

Charles Lister
Sara Padovan
Politics

Is support for Israel becoming toxic at the ballot box? 

11 November 2025

As Americans rethink the moral—and strategic—calculus of US support for Israel, politicians are scrambling to keep pace

Alfred J. Naddaff
Ewan White
Politics

How Trump reshaped the world

03 November 2025

Al Majalla examines key developments in the US and across the globe less than a year into Trump's second presidential term

Al Majalla - London
Lina Jaradat
Politics

Israel's Olive War aims to uproot more than just trees

09 November 2025

The olive tree is no longer just a source of sustenance for West Bank Palestinians, but a silent witness to their profound struggle between permanence and erasure

Mohammed Najib

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