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We have a lot of foreign debt to repay next year
That’s more than a quarter of the country’s total external debt
El Sisi meets IMF boss + the EGP posts gains against the USD in the black market
Good morning, wonderful people, and happy December. It’s almost inconceivable, but 2023 is now drawing to a close. A BIG,…
IMF could bump up our USD 3 bn loan on back of Gaza war
Unconfirmed reports last month claimed that Egypt was looking to borrow another USD 2 bn from the Fund
Economic growth almost halves to 3.8% in 22-23 –Planning Ministry
Egypt recorded growth of 3.8% in FY 22-23, with forecasts for FY 2023-24 at 4.2%
Citigroup turns bullish on Egyptian debt
The bulge bracket bank thinks our geopolitical importance and an accelerating privatization program mean it’s time to take a punt…
IMF chief warns of economic toll of Gaza war, humanitarian crisis deepens as fuel supplies run out
Plus: El Sisi meets Macron and Israel’s war on the UN
S&P cuts our credit rating on FX crunch, debt concerns
The slow pace of reforms making the FX crunch worse — and making it harder for to us to service…
Humanitarian aid should be heading to Gaza from Egypt + We want to increase our loan from the IMF
Good morning, friends, and — as always — happy Friday to us all. This week has been jam-packed with news…
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