{"id":599786,"date":"2019-01-10T04:43:51","date_gmt":"2019-01-10T04:43:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/"},"modified":"2019-01-10T04:43:51","modified_gmt":"2019-01-10T04:43:51","slug":"finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/","title":{"rendered":"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets"},"content":{"rendered":"

<\/a> EXCLUSIVE- FinMin completes drafting \u201cmore realistic\u201d comprehensive debt control strategy, raises public debt targets:<\/b> The Finance Ministry has completed drafting a comprehensive debt control strategy spanning the next four years, in which it targets bringing down Egypt\u2019s public debt to 80-85% of GDP by the end of FY2021-22, a senior government official tells Enterprise. The strategy \u2014 which has been in the making for the past six months \u2014 has been \u201csignificantly amended\u201d to be more realistic and set a more comprehensive vision for how to achieve the targets it sets out, according to our source. Among the details the strategy now includes is the planned inclusion of the informal economy into the formal economy, which is expected to eventually raise GDP growth by more than 10%. The ministry has referred the strategy to Cabinet for review and approval, and will officially unveil details once it receives Cabinet sign-off.<\/p>\n

The strategy caps Egypt\u2019s eurobond issuances at USD 22 bn until the end of FY2021-22<\/b>. Egypt would be allowed to take to market USD 12 bn of USD-denominated eurobonds and another USD 10 bn-worth of bonds in currencies other than USD. A shift to longer-tenor debt is also a key component of the strategy, which hopes to reduce Egypt\u2019s annual debt servicing bill to 20% of GDP. Long-term debt should account for around 52% of Egypt\u2019s borrowing by June 2022, our source says. The Finance Ministry has received approval from the Madbouly Cabinet to launch an international tender for advisers on its upcoming eurobond issuance.<\/p>\n

Background:<\/b> The ministry had presented an initial draft of the FY2019-20 state budget to President Abdel Fattah El Sisi last week, in which it set a revised debt target<\/a><\/u> for the country. State budget guidelines for that fiscal year, released in November, had set a public debt target of 79.3% of GDP by FY2021-22, and senior officials speaking to Enterprise had been even more optimistic, setting the target at 72-75% of GDP by FY2021-22.<\/p>\n

What could help the situation is int\u2019l finance institutions cutting down on FX--denominated loans: <\/b>Development finance institutions such as the EBRD are handing out loans to companies in emerging markets in local currencies, rather than in USD or EUR, according to the FT<\/a><\/u>. Leaning away from FX-denominated loans helps to mitigate the effect of \u201cpainful currency swings\u201d borrowers are exposed to. \u201cThe practical implication of this is the obvious social gain, ie more projects and funding and ultimately value creation since this protects the local economies from FX fluctuations and risk,\u201d says Philippos Kassimatis, partner at hedging strategy specialist Maven Global.<\/p>\n

The ministry is also hoping to nudge Egypt\u2019s GDP growth to 8%<\/b> by the end of the strategy\u2019s implementation, and has included proposed measures to stimulate the economy and encourage local industry, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- FinMin completes drafting \u201cmore realistic\u201d comprehensive debt control strategy, raises public debt targets: The Finance Ministry has completed drafting a comprehensive debt control strategy spanning the next four years, in which it targets bringing down Egypt\u2019s public debt to 80-85% of GDP by the end of FY2021-22, a senior government official tells Enterprise. The […]<\/p>\n","protected":false},"author":1,"featured_media":599787,"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":[8572],"tags":[7106,72,3690,276,348,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-debt","tag-enterpriseam","tag-eurobonds","tag-finance-ministry","tag-gdp","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4f76f4ab-368b-4e91-9b3e-f128d8e49052","is_powered_by":true,"section_story_id":"3e46cea6-b44e-4707-bccd-253f2474e331","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/9\/415.jpg","photo_position":"above","related_issue":[599776],"teaser":"","voice_url":""},"yoast_head":"\nFinance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets - 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\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- FinMin completes drafting \u201cmore realistic\u201d comprehensive debt control strategy, raises public debt targets: The Finance Ministry has completed drafting a comprehensive debt control strategy spanning the next four years, in which it targets bringing down Egypt\u2019s public debt to 80-85% of GDP by the end of FY2021-22, a senior government official tells Enterprise. The […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-10T04:43:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets\",\"datePublished\":\"2019-01-10T04:43:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\"},\"wordCount\":478,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"EnterpriseAM\",\"eurobonds\",\"Finance Ministry\",\"GDP\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\",\"name\":\"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-01-10T04:43:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/","og_locale":"en_US","og_type":"article","og_title":"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets","og_description":"EXCLUSIVE- FinMin completes drafting \u201cmore realistic\u201d comprehensive debt control strategy, raises public debt targets: The Finance Ministry has completed drafting a comprehensive debt control strategy spanning the next four years, in which it targets bringing down Egypt\u2019s public debt to 80-85% of GDP by the end of FY2021-22, a senior government official tells Enterprise. The […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-01-10T04:43:51+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets","datePublished":"2019-01-10T04:43:51+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/"},"wordCount":478,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1","keywords":["debt","EnterpriseAM","eurobonds","Finance Ministry","GDP","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/","name":"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1","datePublished":"2019-01-10T04:43:51+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Finance Ministry drafts \u201cmore realistic\u201d comprehensive debt strategy, raises Egypt\u2019s public debt targets"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":599633,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/did-the-finmin-revise-upwards-its-public-debt-targets-for-egypt\/","url_meta":{"origin":599786,"position":0},"title":"Did the FinMin revise upwards its public debt targets for Egypt?","author":"enterpriseam admin","date":"6 January 2019","format":false,"excerpt":"**#3 FinMin revises upwards its public debt targets for Egypt: The Finance Ministry is targeting reducing Egypt\u2019s public debt to 80-85% of GDP by the end of FY2021-22, according to an initial draft of the FY2019-20 state budget presented to President Abdel Fattah El Sisi last week, according to an\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569416,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/finmin-to-cut-debt-to-gdp-ratio-to-79-next-fiscal-year-maait\/","url_meta":{"origin":599786,"position":1},"title":"FinMin to cut debt-to-GDP ratio to 79% next fiscal year -Maait","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"BUDGET WATCH- FinMin adopts more ambitious debt-to-GDP targets in coming fiscal year: The Finance Ministry will aim to lower Egypt\u2019s debt-to-GDP ratio to 79% during FY2020-2021, Minister Mohamed Maait said on the sidelines of a conference yesterday, Hapi Journal reports. The new figure is more ambitious than targets announced in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592728,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/finmin-revises-egypts-public-debt-target-for-fy2020-2021-again\/","url_meta":{"origin":599786,"position":2},"title":"FinMin revises Egypt\u2019s public debt target for FY2020-2021 again","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"FinMin sets more ambitious public debt reduction target, but more conservative GDP growth estimate, for FY2020-2021: The Finance Ministry is expecting Egypt\u2019s public debt levels to drop to 80% of GDP during the next fiscal year \u2014 a more ambitious goal than the ministry had announced in June, Minister Mohamed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601746,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/egypt-begins-implementing-debt-reduction-strategy\/","url_meta":{"origin":599786,"position":3},"title":"Egypt begins implementing debt reduction strategy","author":"enterpriseam admin","date":"10 March 2019","format":false,"excerpt":"The Finance Ministry has begun implementing its comprehensive debt reduction strategy, which aims to reduce debt to 80% of GDP by 2022, according to a ministry statement. During a meeting with a delegation from the European Bank for Reconstruction and Development (EBRD), headed by first vice president Jurgen Rigterink, ministry\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/292.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598347,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/egypts-domestic-debt-rises-20-in-2018\/","url_meta":{"origin":599786,"position":4},"title":"Egypt\u2019s domestic debt rises 20% in 2018","author":"enterpriseam admin","date":"22 May 2019","format":false,"excerpt":"Egypt\u2019s domestic debt rose 20.25% y-o-y to EGP 4.1 tn at the end of December 2018 compared to EGP 3.4 tn in the previous year, according to central bank data (pdf). The country\u2019s domestic debt-to-GDP ratio reached 78.2%, up from 77% a year earlier. Figures released last week showed that\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604406,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/egypts-debt-control-strategy-looks-to-reduce-public-debt-to-72-75-of-gdp-in-2021-22\/","url_meta":{"origin":599786,"position":5},"title":"Egypt\u2019s debt control strategy looks to reduce public debt to 72-75% of GDP in 2021-22","author":"enterpriseam admin","date":"3 December 2018","format":false,"excerpt":"EXCLUSIVE- FinMin\u2019s debt control strategy looks to reduce public debt to 72-75% of GDP by 2021-22: The Finance Ministry\u2019s comprehensive debt control strategy, which has been in the works since August, will aim to reduce Egypt\u2019s public debt to 72-75% of GDP by 2021-22 from 98% today, a senior government\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/172.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\/599786","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=599786"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599786\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599787"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599786"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599786"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}