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Logistics (MENA) 
Gov’t ramps up efforts to clear import backlog following currency float
USD 12 bn of goods have been released since the start of 2024
Banks trade USD 1.9 bn in two days
The EGP lost almost 37% of its value against the greenback after the float
Investors are loving EGP t-bills
International investors bought up USD 825 mn of the bills sold
Moody’s upgrades Egypt’s outlook to positive
Moody’s expects the FX liquidity from the Ras El Hekma agreement to close the external funding gap until FY 2025-2026
We could be in for USD 20 bn in foreign support. PLUS: Good news from Morgan Stanley
The USD 20 bn figure includes the USD 8 bn IMF package
Looking back at the months preceded the EGP float
The government has been gearing towards this moment
Planet Finance breathes a sign of relief
The EGX30 was down 3% as traders locked in gains
“Back on the right track”: What the pundits are saying
The decisions “put us back on the right track,” but more needs to be done, pundits say
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