{"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":623639,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/09\/imf-reaches-staff-level-agreement-on-third-loan-review\/","url_meta":{"origin":542996,"position":3},"title":"IMF reaches staff-level agreement on third loan review","author":"enterpriseam admin","date":"9 June 2024","format":false,"excerpt":"The Fund warned that the impact of the war on Gaza and trade disruptions in the Red Sea could pose a threat to the country\u2019s economic outlook","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/671.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657147,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/16\/egyptian-lenders-back-bns-in-energy-and-port-expansion-loans\/","url_meta":{"origin":542996,"position":4},"title":"Egyptian lenders back bns in energy and port expansion loans","author":"enterpriseam admin","date":"16 December 2024","format":false,"excerpt":"Cheiron Energy secured central bank approval for a USD 80 mn syndicated loan to expand operations","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\/2024\/10\/1023.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633584,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/17\/ebrd-extends-usd-130-mn-loan-to-coca-cola-hbc-egypt\/","url_meta":{"origin":542996,"position":5},"title":"EBRD extends USD 130 mn loan to Coca-Cola HBC Egypt","author":"enterpriseam admin","date":"17 July 2024","format":false,"excerpt":"The loan will be complemented by a USD 750 grant","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\/2024\/7\/1301.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}]}}