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Egypt wants USD 9 bn in funding from IMF + other int’l lenders
Egypt is lining up another USD 9 bn from int’l lenders to plug budget deficit, shore up reserves: The Madbouly…
IMF’s USD 2.8 bn pandemic aid lands in Egypt
IMF’s USD 2.8 bn pandemic aid lands in Cairo: Egypt took receipt of the IMF’s USD 2.8 bn rapid financing…
MNHD signs EGP 2.1 bn loan agreement with NBE, AAIB and Banque Misr
Madinet Nasr Housing and Development has signed a EGP 2.1 bn long-term joint loan agreement with the National Bank of…
EMs turn to local debt markets, burn through FX reserves to weather the covid storm
EMs turn to local debt markets, burn through FX reserves to weather the covid storm: Emerging markets are (kind of…
FinMin to guarantee EGP 3 bn of low-interest CBE loans for tourism industry
FinMin to guarantee EGP 3 bn of low-interest CBE loans for tourism industry: The Finance Ministry will guarantee EGP 3…
Moody’s affirms Egypt’s credit rating at B2, outlook stable
Moody’s affirms Egypt’s credit rating at B2 with a stable outlook, citing effective policy and capacity to manage shocks: Moody’s…
IMF greenlights USD 2.8 bn in pandemic aid to Egypt
IMF greenlights USD 2.8 bn in pandemic aid to Egypt: The International Monetary Fund’s executive board signed off yesterday on…
What we’re tracking on 12 May 2020
Some good news to get us over the midweek hump: The International Monetary Fund has approved USD 2.77 bn in…
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