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Madbouly government cuts privatization program targets for the year
Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February
IMF wants Egypt to accelerate pace of reform
Good morning, friends, and welcome to a holiday-shortened week as we prepare for the three-day weekend starting this Thursday in…
Economy to grow at a 4.0% clip in preliminary budget report for FY 2024-25
The Madbouly government now sees the economy growing at a 4.0% clip in the coming fiscal year
The FT on the return of investor appetite for local debt
Foreign investors have poured USD 8.5 bn into short-term local debt over the past month
IMF holds its growth forecast steady for Egypt for the current fiscal year
This is the first time in several months that the IMF has not downgraded its growth forecast for Egypt
Current account deficit widens over 440% y-o-y in 1H FY 2023-24
The balance of payments was back in a deficit after two consecutive quarters of recording a surplus
World Bank cuts Egypt’s GDP growth for FY 2023/24 to 2.8%
The bank’s forecast is a 0.7 percentage point downward revision from its last assessment
Gov’t revenues up 57% y-o-y in 9M FY 2023-24
Despite the uptick in revenues, the budget deficit remained virtually unchanged
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