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Minister's Releases
 
Finance minister: Egypt will accept IMF funding package 18/11/2011
Egypt intends to accept a funding package of US$3.2 billion from the International Monetary Fund (IMF) it had rejected earlier this year, said Finance Minister Hazem al-Beblawy, explaining that Egypt will accept the funding because of an increase in local government debt.

Egypt's finance minister in talks over G8's $38 billion pledge 27/10/2011
El-Beblawi meets French special envoy, pressing for further details on how Egypt will benefit from funding promised last month

Egypt's finance minister welcomes income tax hike 25/10/2011
Hazem El-Beblawi tells Egyptian investors he approves a 30 per cent upper tax limit but warns the time must be right

Qatari help to Egypt is a grant, not a loan, says finance minister 09/10/2011
Finance Minister Hazem El-Beblawi says Qatar transferred $500 million last week as a grant to Egypt for budgetary support

Egypt considering IMF deal rejected in June 05/10/2011
Egypt is considering International Monetary Fund financing it previously turned down and is still in talks with Gulf Arab states for funds of close to $7 billion, Finance Minister Hazem el-Beblawi said on Wednesday.

Egypt govt aims to rely less on local banks 03/10/2011
Egypt is looking at ways to reduce its dependence on borrowing from local banks because it is a burden on the economy, the finance minister said on Sunday.

Market Report: Egypt Bourse gains on minister's vows 03/10/2011
Main index claims 1.4 per cent as investors react positively to statements on funding and privatisation from the recently appointed finance minister

Kingdom, UAE in talks over $5b Egypt bailout 21/09/2011
Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the UAE that could exceed a total of $5 billion based on figures initially proposed, Egyptian Finance Minister Hazem El-Beblawi said Monday.

Egypt discussing finance package with Saudi, UAE 20/09/2011
Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the United Arab Emirates that could exceed a total of $5 billion based on figures initially proposed, the Egyptian finance minister said on Monday.

Beblawi: Egypt’s economic future promising despite hardships 14/09/2011
Deputy Prime Minister and Finance Minister Hazem el-Beblawi stressed on Sunday 11/9/2011 that the future of the Egyptian economy is promising despite the current challenges.

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