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Egypt is making good progress in the loan programme, IMF

Christine Lagarde, head of the International Monetary Fund (IMF), said on Monday that Egypt is making good progress in the $12bn loan programme, noting that the currency is likely to stabilise after months of depreciation. Lagarde said in an interview during a visit to Dubai that the IMF sees good, noticeable progress by the Egyptian …

Daily News Egypt

Morsy and IMF chief confirm independence of Egypt’s economic policy making

By Noah Chasek-Macfoy International Monetary Fund Director Christine Lagarde confirmed on Saturday that there are no preconditions placed on Egypt before the expected arrival of an IMF delegation at the beginning of next month to discuss Egypt’s request for $4.8 loan. Lagarde’s comments were made after attending a meeting with GCC countries in Riyad. Egypt …

Daily News Egypt

Departing IMF economist rips fund’s leadership

Washington (AFP) – A departing senior IMF economist has excoriated the fund, alleging it failed to address Europe’s crisis and “suppressed” its challenges, according to a letter published Friday. In the letter obtained by CNN, Peter Doyle also accused Christine Lagarde, the managing director of the International Monetary Fund, of being “tainted” by a faulty selection …

Daily News Egypt

Global action for global recovery

By Christine Lagarde WASHINGTON, DC: The global economy has entered a dangerous new phase. There is a path to sustained recovery, but it is narrowing. To navigate it, we need strong political will around the world — leadership over brinksmanship, cooperation over competition, and action over reaction. One of the main problems today is too much …

DNE

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