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Budget deficit to widen to 10.7% this fiscal year -IMF
The Fund expects government spending to rise faster than previously expected while revenues will remain flat
We want USD 2 bn more from IMF to bring our assistance program to USD 5 bn, a report claims
The Madbouly government wants to raise the size of the USD 3 bn to a total of USD 5 bn
Inflation surges and several downgrades to our banks
Happy Friday, ladies and gentlemen. It’s been… quite the week with the news cycle going full throttle at home and…
IMF loan review incoming by the end 2023
The IMF previously delayed two reviews of our USD 3 bn assistance program
IMF cuts our 23-24 growth outlook amid FX crunch, MENA and Saudi outlooks also trimmed
Saudi and MENA growth outlooks are also cut in the latest update to the World Economic Outlook
THIS EVENING: Inflation accelerates again in September + IMF revises upwards Egypt’s growth forecast
Good afternoon, wonderful people. It’s looking like a good news / bad news kind of day, with mixed sentiments coming…
Moody’s downgrades Egypt’s sovereign credit rating on rising debt fears
The rating agency downgraded the rating to Caa1 with a stable outlook, four notches above default
Egypt must devalue or risk “bleeding” reserves -IMF chief
Kristalina Georgieva suggests there could be news in the coming weeks on when we can expect a review of progress…
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