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IMF to begin Egypt’s fourth loan review tomorrow + more from IMF head’s visit
The Fund completed its third review of the country’s loan program in late July
IMF lowers MENA growth forecast amid regional conflicts and oil cuts
The IMF revised its growth forecast for the region downward to 2.1% this year, and 4% in 2025
Net foreign asset surplus rises to USD 10.3 bn in September
This is the country’s fifth month in the green after our net foreign assets shifted from deficit to surplus in…
The IMF sees Egypt’s medium-term growth rising above 5% as regional conflicts subside, structural reforms are implemented
The Fund also took note of our efforts toward fiscal balancing, including subsidy and tax reforms
Fitch upgrades our credit rating to ‘B’ citing greater confidence in structural reforms
The ratings agency cited an inflow of FDI, our commitment to maintaining a flexible exchange rate, and fiscal consolidation as…
Egypt’s budget deficit narrows to 2.2% during 1Q of FY 2024-25
The first quarter of FY 2024-25 saw positive trends across Egypt’s budget deficit and revenues
Egypt is mapping out three potential routes for its IMF program adjustment
The scenarios will be presented to IMF boss Kristalina Georgieva during her Cairo visit next week
Fitch trims Mena growth to 1.8% in 2024
The agency warns that the region is entering 2025 “on shaky ground”
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