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Another USD 700 mn in wheat finance from the ITFC
The country has nearly 6 months’ worth of wheat in reserve
THIS MORNING: IMF says talks are “encouraging,” expects progress within weeks on economic reform agenda
Positive signs on privatization and FX rate stability
Good news, bad news on the macro front + IMF deputy MD is in town next week
Good morning, friends, and a very happy FRIDAY. For those of us whose children finished exams (and young, precocious readers…
New finance for Air Cairo + IFC support for microlenders
AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo
Could the IMF’s MENA chief become Lebanon’s next president?
Lebanon has been without a president since October
World Bank cuts Egypt growth outlook
The lender expects the economy to remain flat at 4.0% next year before rising to 4.7% in 24-25
Hungary wants more EU funding for Egypt to tackle migration
Shoukry was in Budapest yesterday to discuss economic ties, migration with the Hungarian foreign minister
IMF could delay Egypt loan review to September, says economist
Plus: It’s the last day for exporters to submit subsidy applications
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