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IMF accused of “reckless lending” to high-debt countries, including Egypt
IMF accused of “reckless lending” to high-debt countries, including Egypt: The IMF has disbursed some USD 93 bn in financing…
Egypt’s non-loan IMF program still “under consideration,” Maait tells Bloomberg
Non-loan IMF program still under consideration but nothing conclusive yet -Maait: Egypt is still looking at securing a non-loan program…
Investors fear protests could undermine economic reforms
Some investors fear walk-back of economic reforms: Investors are concerned that the Egyptian government could resort to populist measures in…
SME Development Authority taps EUR 15 mn grant for infrastructure projects
The SME Development Authority has signed contracts with six governorates for infrastructure projects that will be financed through a two-year…
AfDB looks to increase funding to Egypt for solar projects
The African Development Bank (AfDB) could increase funding to Egypt for solar projects as part of an initiative to develop…
OPIC commits USD 10mn to LimeVest
INVESTMENT WATCH- OPIC commits USD 10 mn to LimeVest: The Overseas Private Investment Corporation (OPIC), the US government’s development finance…
Solidarity Ministry to receive World Bank loan tranche for employment initiative next month
The Finance Ministry could disburse EGP 800-900 mn from a recently agreed USD 500 mn World Bank loan to the…
Madbouly Cabinet approves increasing use of no-bid contracts
CABINET WATCH- Madbouly Cabinet approves bundle of grants: The Madbouly Cabinet approved yesterday two USAID grants worth a combined USD…
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