Egypt’s debt problem in focus
Analysts say reform is the only way to get the country’s external debt on a sustainable trajectory
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Analysts say reform is the only way to get the country’s external debt on a sustainable trajectory
The lender expects the economy to remain flat at 4.0% next year before rising to 4.7% in 24-25
Egypt’s USD bonds have outperformed EMs this week as investors bet on privatization
Business activity declined for 30th consecutive month in May
Egypt’s non-oil private sector contracted for the 29th consecutive month in April
Authorities decided to limit prepaid cards to local purchases in efforts to preserve FX
The residency can be renewed for six-month or year-long periods
The move affects cards that aren’t linked to bank accounts
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