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CBE curbs credit card use amid FX crunch
News reports say that credit card users will only be able spend USD 250 of FX a month while in…
Our maiden panda bond issuance hits the Chinese market
The three-year bonds will fund healthcare, clean transport, water, renewable energy and other sustainable projects
Optimism grows that the US may avoid a recession
Economists now put the likelihood of a recession at 48%
Budget deficit to widen to 10.7% this fiscal year -IMF
The Fund expects government spending to rise faster than previously expected while revenues will remain flat
We want USD 2 bn more from IMF to bring our assistance program to USD 5 bn, a report claims
The Madbouly government wants to raise the size of the USD 3 bn to a total of USD 5 bn
IMF loan review incoming by the end 2023
The IMF previously delayed two reviews of our USD 3 bn assistance program
Inflation hit a new record high in September, coming in ahead of analyst expectations
Inflation rose to record highs for the fourth consecutive month
IMF cuts our 23-24 growth outlook amid FX crunch, MENA and Saudi outlooks also trimmed
Saudi and MENA growth outlooks are also cut in the latest update to the World Economic Outlook
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