{"id":618856,"date":"2024-04-21T00:00:00","date_gmt":"2024-04-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/"},"modified":"2024-04-21T00:00:00","modified_gmt":"2024-04-21T00:00:00","slug":"egypt-receives-usd-820-from-imf-report","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/","title":{"rendered":"Egypt receives USD 820 from IMF- Report"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, ladies and gentlemen,<\/strong> and welcome to a relatively brisk issue to wrap up the first day of the short workweek.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Have we got the second tranche from the IMF?<\/strong> Egypt has reportedly received the USD 820 mn second tranche of the USD 8 bn package agreed on with the IMF, two unidentified government sources told <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1781995190758056082\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Earlier than we expected:<\/strong> IMF mission chief for Egypt Ivanna Hollar said during a press conference earlier this month that we could receive the tranche this summer after the fund completes its third review of the facility it agreed on with the government.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US House has voted to pass USD 95 bn in aid to Ukraine, Israel, and Taiwan.<\/strong>An impasse that spanned six months ended with the approval of USD 61 bn in aid to Ukraine partly to address Kyiv\u2019s dwindling ammunition, USD 26.4 bn to Israel, and USD 8 bn to Taiwan in the wake of growing tension with China. The Israel aid bill is meant to replenish the state\u2019s missile defenses, despite Biden\u2019s insistence that the US <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2024\/04\/14\/biden-netanyahu-iran-israel-us-wont-support\" style=\"\" rel=\"noopener\">will not support<\/a> Israel\u2019s retaliation against Iran\u2019s attacks last week. Democrats were able to maneuver a USD 9 bn package in humanitarian aid designated to Gaza as part of the aid package to Israel. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-04-20\/house-passes-taiwan-aid-bill-to-be-combined-with-ukraine-funding?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/world-us-canada-68848277\" style=\"\" rel=\"noopener\">BBC<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Gov\u2019t slashes 2024 privatization program targets: <\/strong>The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c12b982d-ae32-4501-8d5a-7a06f325ab5c\/madbouly-government-slashes-2024-privatization-program-targets-to-usd-1-bn\" style=\"\" rel=\"noopener\">aims to raise<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c12b982d-ae32-4501-8d5a-7a06f325ab5c\/madbouly-government-slashes-2024-privatization-program-targets-to-usd-1-bn\" style=\"\" rel=\"noopener\">around USD 1 bn<\/a> through the privatization of state-owned companies and assets via stake sales to strategic investors or EGX listings this year.<\/li>\n<li><strong>New Chinese projects coming to our industrial zones:<\/strong> Egypt has inked 14 agreements with Chinese companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9760dea3-6012-468a-a90a-8c19bab38e71\/egypt-inked-14-agreements-with-chinese-firms-during-the-china-egypt-zhejiang-economic-forum\" style=\"\" rel=\"noopener\">to set up projects alongside the Egyptian private sector<\/a> during the China-Egypt Zhejiang Economic Forum on Thursday. The agreements include a USD 800 mn fiberglass and polyester factory with China\u2019s Xin Feng Ming Holding.<\/li>\n<li><strong>The state is eyeing longer debt maturities: <\/strong>The Madbouly government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1bb7bbf0-3c0a-4274-b4f8-59a86693e0c9\/egypt-eyes-raising-its-debt-instruments%25e2%2580%2599-average-maturities-to-4.5-5-years\" style=\"\" rel=\"noopener\">aims to extend<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1bb7bbf0-3c0a-4274-b4f8-59a86693e0c9\/egypt-eyes-raising-its-debt-instruments%25e2%2580%2599-average-maturities-to-4.5-5-years\" style=\"\" rel=\"noopener\">the average maturity of its debt instruments<\/a> to 4.5-5 years as it focuses on longer-term bonds.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/03\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014<\/strong><strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> An increasing number of international companies are looking to turn Egypt into a manufacturing and export hub for home appliances, with several companies trying to take advantage of recent government incentives as well as Egypt\u2019s location and market demographics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Monday is continuing with the recent rise in mercury with a high of 32\u00b0C and chilly lows of 18\u00b0C in Cairo at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gentlemen, and welcome to a relatively brisk issue to wrap up the first day of the short workweek. THE BIG STORY TODAY Have we got the second tranche from the IMF? Egypt has reportedly received the USD 820 mn second tranche of the USD 8 bn package agreed on with the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":618857,"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":[7213],"tags":[633,272,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-imf","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"8e5d9237-f343-4c81-90c5-9ecd7079059a","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/1432.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[618854],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.a0b02aed-821a-411f-b809-a107db072527.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt receives USD 820 from IMF- Report - 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\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt receives USD 820 from IMF- Report\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gentlemen, and welcome to a relatively brisk issue to wrap up the first day of the short workweek. THE BIG STORY TODAY Have we got the second tranche from the IMF? Egypt has reportedly received the USD 820 mn second tranche of the USD 8 bn package agreed on with the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1432.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt receives USD 820 from IMF- Report\",\"datePublished\":\"2024-04-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/\"},\"wordCount\":511,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1432.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"IMF\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/21\/egypt-receives-usd-820-from-imf-report\/\",\"name\":\"Egypt receives USD 820 from IMF- Report - 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government will receive USD 2.7 bn from the International Monetary Fund (IMF) next Monday as a first tranche of funding to help it withstand the global economic shock caused by the covid-19 pandemic, Masrawy reports, citing an unnamed\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/47.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598213,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/egypt-imf-reach-staff-level-agreement-to-unlock-final-tranche-of-usd-12-bn-facility\/","url_meta":{"origin":618856,"position":1},"title":"Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility: Egypt has reached a staff-level agreement with the IMF over the disbursement of the sixth and final USD 2 bn tranche of its USD 12 bn extended fund facility, according to a statement issued by the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":571088,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/29\/ahmed-moussa-suggests-egypt-is-looking-to-get-usd-7-bn-from-the-imf\/","url_meta":{"origin":618856,"position":2},"title":"Ahmed Moussa suggests Egypt is looking to get USD 7 bn from the IMF","author":"enterpriseam admin","date":"29 April 2020","format":false,"excerpt":"On another very quiet night on the airwaves, the only tidbit of relevant discussion was \u2026 significant. Egypt is reportedly seeking north of USD 7 bn from the IMF under the one-year rapid financing instrument and stand-by arrangement the government has requested, \u2018Ala Mas\u2019ouleety host Ahmed Moussa claimed. Moussa also\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599518,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/egypt-to-receive-the-fifth-tranche-of-imf-facility-this-month\/","url_meta":{"origin":618856,"position":3},"title":"Egypt to receive the fifth tranche of IMF facility this month","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"Egypt to receive the fifth tranche of IMF facility this month: The country will receive the next USD 2 bn tranche of the IMF\u2019s extended fund facility this month, Ittihadiya said in a statement quoting Central Bank of Egypt Governor Tarek Amer\u2019s note to President Abdel Fattah El Sisi. The\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597399,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/egypt-will-be-getting-the-final-tranche-of-the-usd-12-bn-imf-facility-soon\/","url_meta":{"origin":618856,"position":4},"title":"Egypt will be getting the final tranche of the USD 12 bn IMF facility soon","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"IMF signs off on final USD 2 bn tranche disbursal: The IMF\u2019s Executive Board approved yesterday disbursing the final USD 2 bn tranche of the institution\u2019s USD 12 bn facility to Egypt, after completing its fifth and final review of the country\u2019s economic reform program, the institution said in a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576357,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/imf-gives-initial-approval-to-second-tranche-of-usd-5-2-bn-standby-loan\/","url_meta":{"origin":618856,"position":5},"title":"IMF gives initial approval to second tranche of USD 5.2 bn standby loan","author":"enterpriseam admin","date":"22 November 2020","format":false,"excerpt":"Egypt is on track to receive the second tranche of its USD 5.2 bn IMF standby loan after it reached a staff-level agreement with the fund following a review of the 12-month program, the IMF said in a statement. Some USD 1.6 bn will be paid out should the fund\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/222.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\/618856","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=618856"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/618856\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/618854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/618857"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=618856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=618856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=618856"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=618856"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=618856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}