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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
Current account deficit narrows in 1Q 2023-2024
This is the second quarterly BoP surplus in a row and the third quarterly surplus since 2014
Fitch joins Moody’s, S&P in downgrading Egypt’s credit rating
The rating agency lowered its rating one notch to B- due to concerns over the currency and debt sustainability
Current account deficit narrows in 3Q 2022-23
Current account deficit reaches USD 3.5 bn
Fitch Ratings downgrades our credit rating for the first time since 2013
Medium-term debt sustainability at risk
Egypt’s current account enters the black for the first time since 2014
Thank import curbs, which narrowed the country’s trade deficit to 12-year lows
Egypt’s current account deficit narrows, FDI more than doubles in 1Q2019-2020
Current account deficit narrows, FDI more than doubles in 1Q2019-2020: The current account deficit decreased 31% y-oy in the first…
Is Egypt seeking a Standby Credit Facility from the IMF?
Is Egypt seeking a standby credit facility from the IMF? Egypt’s post-loan agreement with the IMF is could take the…
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