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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
Inflation surges and several downgrades to our banks
Happy Friday, ladies and gentlemen. It’s been… quite the week with the news cycle going full throttle at home and…
Gov’t wants to start drawing on the EBRD’s financial contribution to the NWFE energy project. PLUS: News from Pachin, Vezeeta, Contact Financial, Roboost, and McDonald’s.
The EBRD has pledged USD 200-300 mn to the energy pillar of NWFE, which aims to replace aging gas-fired power…
Development finance: What’s next?
DFIs remain an important source of FX, technical assistance and partnership coordination for Egyptian businesses and MSMEs
IMF loan review incoming by the end 2023
The IMF previously delayed two reviews of our USD 3 bn assistance program
Orascom’s Giza plateau revamp to go live in 1Q 2024. PLUS: News from Vezeeta, TCI Sanmar and the House.
The company has completed 95% of the EGP 1 bn project
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
THIS EVENING: Inflation accelerates again in September + IMF revises upwards Egypt’s growth forecast
Good afternoon, wonderful people. It’s looking like a good news / bad news kind of day, with mixed sentiments coming…
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