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THIS EVENING: Are we getting c. USD 3 bn from the World Bank?
Good afternoon, ladies and gentlemen. We’re guzzling coffee while we still can during daylight hours as we gear up for…
Moody’s upgrades Egypt’s outlook to positive
Moody’s expects the FX liquidity from the Ras El Hekma agreement to close the external funding gap until FY 2025-2026
We could be in for USD 20 bn in foreign support. PLUS: Good news from Morgan Stanley
The USD 20 bn figure includes the USD 8 bn IMF package
The IMF says we promised to slow down spending on infrastructure
A new committee will be formed to ensure the private sector takes the lead on driving economic growth
Madbouly sounded the right notes as he unveiled a super-sized USD 8 bn IMF package
An additional USD 1.2 bn in climate financing could also be in the pipeline as separate talks continue
It’s morning again in Egypt: Sentiment can turn on a dime, and that’s what happened yesterday
Central Bank Governor Hassan Abdalla spoke for us all when he said yesterday that having two exchange rates is a…
THIS EVENING: CBE floats the EGP, goes for 600 bps rate hike
Bankers, diplomats say the float is real. CBE directs banks to start easing credit card and other foreign-exchange restrictions
Could we sign a staff-level agreement with the IMF as soon as today?
Good morning, wonderful people, and welcome to what might well be IMF Day. We have little detail to report, but…
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