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The gov’t is pacing out its water desalination plant plans on FX challenges + land allocations
The first group of 3-4 desalination plants will require investments worth c. USD 1.5 bn
FinMin wants USD 2 bn in new borrowing this year
The ministry is currently working on raising up to USD 1 bn via bond issuances in China and Japan
What do private sector players want from the AIIB?
AIIB officials join FinMin, private sector players to explore how the bank can help Egypt’s private sector
To review or not to review?
The IMF postponed the first review of the USD 3 bn program in March after the government failed to meet…
The IFC could hold an EGP-denominated bond issuance to raise funds for investment
The proceeds could be used to make local investments, says cabinet
Cabinet approves fresh loans to support banking industry, fund Abu Qir metro
Ministers greenlight loans for banking sector reform + the Abu Qir metro.
Budget deficit unexpectedly narrows in FY 2022-2023 -FinMin
The budget deficit narrowed 0.1 percentage points y-o-y to 6.0%
Parkville Pharma factory to open this month
It took six years and EGP 150 mn to build the factory
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