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IMF Executive board talks Egypt today
Good morning, ladies and gentlemen, and happy Friday. We have reached the tail-end of Ramadan, which means newscycle slowdown, and,…
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EBRD working to unlock USD 1 bn from IMF, bank’s Egypt head tells Enterprise
“I think that European companies are underutilizing the potential of Egypt,” EBRD’s head of Egypt said
We could be getting up to EUR 7.4 bn from the EU
EUR 1 bn in emergency financial assistance could be extended immediately
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
The IMF says we promised to slow down spending on infrastructure
A new committee will be formed to ensure the private sector takes the lead on driving economic growth
Madbouly sounded the right notes as he unveiled a super-sized USD 8 bn IMF package
An additional USD 1.2 bn in climate financing could also be in the pipeline as separate talks continue
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