{"id":542996,"date":"2022-01-30T04:05:19","date_gmt":"2022-01-30T04:05:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/"},"modified":"2022-01-30T04:05:19","modified_gmt":"2022-01-30T04:05:19","slug":"were-getting-a-fresh-usd-368-mn-loan-from-the-amf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/","title":{"rendered":"We\u2019re getting a fresh USD 368 mn loan from the AMF"},"content":{"rendered":"

<\/a> Egypt will receive a USD 368 mn loan from the Arab Monetary Fund (AMF)<\/strong> to help strengthen its financial position and meet \u201cemergency needs\u201d amid challenges caused by the ongoing pandemic, the fund announced in a statement<\/a> yesterday. The loan agreement, which was signed last Wednesday, comes as part of the fund\u2019s support for member countries\u2019 \u201creform efforts\u201d and measures taken to \u201cstimulate the economy and provide liquidity in order to contain the negative effects of the virus outbreak.\u201d<\/p>\n

The facility comes on the heels of several others geared towards fueling Egypt\u2019s post-covid economic recovery,<\/strong> including two matching USD 360 mn facilities from the Asian Infrastructure Investment Bank (AIIB)<\/a> and the World Bank<\/a> last year. The International Monetary Fund also lent Egypt USD 8 bn<\/a> to help cover a balance of payments shortfall and finance the budget deficit at the pandemic\u2019s outset in 2020.<\/p>\n

And it\u2019s not the first time the AMF has lent to us: <\/strong>Egypt last summer received the second tranche of a USD 639 mn loan<\/a> from the AMF, which it provided under its Structural Adjustment Facility to help us improve our fiscal position. Including the most recent facility, the AMF has provided Egypt with a total of 15 loans by our count, worth an estimated USD 2.6 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt will receive a USD 368 mn loan from the Arab Monetary Fund (AMF) to help strengthen its financial position and meet \u201cemergency needs\u201d amid challenges caused by the ongoing pandemic, the fund announced in a statement yesterday. The loan agreement, which was signed last Wednesday, comes as part of the fund\u2019s support for member […]<\/p>\n","protected":false},"author":1,"featured_media":542997,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[617,107,7106,88,104,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-arab-monetary-fund","tag-covid-19","tag-debt","tag-debt-watch","tag-economy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"0a8df856-aabd-4831-bdf6-69b781d49182","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/359.jpg","photo_position":"above","related_issue":[542988],"teaser":"","voice_url":""},"yoast_head":"\nWe\u2019re getting a fresh USD 368 mn loan from the AMF - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re getting a fresh USD 368 mn loan from the AMF\" \/>\n<meta property=\"og:description\" content=\"Egypt will receive a USD 368 mn loan from the Arab Monetary Fund (AMF) to help strengthen its financial position and meet \u201cemergency needs\u201d amid challenges caused by the ongoing pandemic, the fund announced in a statement yesterday. The loan agreement, which was signed last Wednesday, comes as part of the fund\u2019s support for member […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-30T04:05:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/359.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"We\u2019re getting a fresh USD 368 mn loan from the AMF\",\"datePublished\":\"2022-01-30T04:05:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/\"},\"wordCount\":220,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/359.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Arab Monetary Fund\",\"covid-19\",\"debt\",\"debt watch\",\"economy\",\"EnterpriseAM\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/were-getting-a-fresh-usd-368-mn-loan-from-the-amf\/\",\"name\":\"We\u2019re getting a fresh USD 368 mn loan from the AMF - 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The regional lender disbursed the second, USD 282 mn payment last week to support the country\u2019s ongoing economic and financial\u2026","rel":"","context":"In "SPEED ROUND: ECONOMY"","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/424.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603694,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/cabinet-approves-fresh-loans-to-support-banking-industry-fund-abu-qir-metro\/","url_meta":{"origin":542996,"position":2},"title":"Cabinet approves fresh loans to support banking industry, fund Abu Qir metro","author":"enterpriseam admin","date":"20 August 2023","format":false,"excerpt":"Ministers greenlight loans for banking sector reform + the Abu Qir metro.","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/891.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543364,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/this-evening-our-debt-wont-become-euroclearable-before-2h2022-eu-files-challenge-against-egypt-at-wto-over-compulsory-import-registration-requirements\/","url_meta":{"origin":542996,"position":3},"title":"THIS EVENING: Our debt won\u2019t become Euroclearable before 2H2022 + EU files challenge against Egypt at WTO over compulsory import registration requirements","author":"enterpriseam admin","date":"30 January 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen. Welcome to a new week, and a holiday drought that is sticking around until late April, when Sham El Nessim rolls around. We hope you made this most recent long weekend really count. THE BIG STORIES TODAY#1- Our debt won\u2019t become Euroclearable before 2H2022, CNBC\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555942,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/04\/telecom-egypt-looks-to-secure-usd-500-mn-loan\/","url_meta":{"origin":542996,"position":4},"title":"Telecom Egypt looks to secure USD 500 mn loan","author":"enterpriseam admin","date":"4 October 2021","format":false,"excerpt":"State-owned Telecom Egypt is looking for some USD 500 mn in financing from a syndicate of international banks, unnamed banking sources told CNBC Arabia. The company has appointed the First Abu Dhabi Bank and Mashreq Bank to arrange the facility, which is expected to have a six-year repayment term. We\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/44.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553911,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/13\/gulf-banking-syndicate-disburses-usd-3-bn-loan-to-egypt-govt\/","url_meta":{"origin":542996,"position":5},"title":"Gulf banking syndicate disburses USD 3 bn loan to Egypt gov\u2019t","author":"enterpriseam admin","date":"13 December 2021","format":false,"excerpt":"The Gulf banking syndicate that agreed last month to lend USD 3 bn to the Egyptian government has disbursed the funding, Al Shorouk reports, citing unnamed sources. The three-year loan is being arranged by First Abu Dhabi Bank and Emirates NBD, and is split 50-50, with USD 1.5 bn allocated\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/319.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542996"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542996\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542997"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542996"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542996"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}