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Logistics (MENA) 
Foreign reserves jump above USD 40 bn thanks to Ras El Hekma
Reserves rose by over USD 5 bn in March
El Sisi gets sworn in for a third term, announces goals through 2030
El Sisi outlined the state’s commitments to strengthen the country’s foreign relations, national security, and economic growth and productivity
We could receive the second tranche of our IMF loan in June
Egypt is in line to receive the second USD 820 mn tranche under the IMF’s USD 8 bn loan program…
Net foreign liabilities narrow by USD 7.1 bn in February as Ras El Hekma funds start to reflect in banks’ sheets
It could be a matter of time before we see a larger improvement
THIS EVENING: Egypt’s economy slowed down in 2Q FY 2023-2024
Good afternoon folks, and happy Monday. We have some fresh economic updates to unpack as we start the second day…
CBE auctions off more EGP t-bills, this time at a much lower yield
The one-year bills received offers over 4x its original ask and six-month bills 2x its ask
IMF greenlights the dispersal of USD 820 mn after approving expanded USD 8 bn loan program. PLUS: EU fastracks EUR 1 bn of aid package
Georgieva warned that “externally, uncertainty remains high” and that keeping reforms on track with reforms will “be critical”
Gov’t unveils new economic and social development targets for the next fiscal year
The Madbouly government now sees the economy growing at a 4.2% clip in fiscal year 2024-2025
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