{"id":664355,"date":"2025-04-28T00:00:00","date_gmt":"2025-04-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/"},"modified":"2025-04-28T00:00:00","modified_gmt":"2025-04-28T00:00:00","slug":"egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/","title":{"rendered":"Egypt is close to receiving USD 300 mn budget support from AIIB"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, folks.<\/strong> This Monday brings a slew of budget news, and more international coverage of Trump\u2019s tariff-induced trade war. We might be seeing unrelated (directly, at least) changes to AI subscription prices \u2014 read ahead for the full picture.<\/p>\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>Egypt is closing in on USD 300 mn in budget support from AIIB:<\/strong> The Asian Infrastructure Investment Bank (AIIB) is putting together USD 300 mn in budget support for Egypt, Planning and International Cooperation Minister Rania Al Mashat told&nbsp;<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-28\/egypt-says-set-to-get-300-million-budget-support-from-aiib\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The agreement is expected to be finalized by June, Al Mashat said, adding that negotiations have been completed and that local authorities are \u201cjust going through the paperwork.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is also pursuing several debt swap agreements <\/strong>aimed at lowering the country\u2019s external debt and improving its credit position, Al Mashat said. The country is in talks with Germany on a debt-for-equity swap that could see Berlin invest in energy-transition projects. It\u2019s also discussing a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02yjWMYWAQxVkrJvWDVLjnHj1HwLPJWJjFQgqDFjGAo3nUKdYsLHq6BwzxBh6ZExQFl&amp;id=61562245173260\" style=\"\" rel=\"noopener\">debt-for-development swap with China<\/a> that seeks to convert a portion of Egypt's debt into interest-free loans to finance development projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The news outlet reported earlier this week that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efd27807-67fa-47bc-a89a-3102c9da418f\/kuwait-mulls-turning-usd-4-bn-of-deposits-in-egypt-into-direct-investments\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/efd27807-67fa-47bc-a89a-3102c9da418f\/kuwait-mulls-turning-usd-4-bn-of-deposits-in-egypt-into-direct-investments\" style=\"\" rel=\"noopener\">Kuwait<\/a> is considering converting USD 4 bn of deposits it holds in Egypt\u2019s central bank into direct investments in several local sectors. The recent wave of debt conversion talks follow an agreement inked with the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4461a6ec-f67a-45d9-b396-b6b1f6533a35\/second-usd-20-bn-tranche-of-ras-el-hekma-funds-land-in-egypt%e2%80%99s-coffers\" style=\"\" rel=\"noopener\">last year<\/a> that converted USD 11 bn of deposits at the CBE into investments in the USD 35 bn Ras El Hekma project.<\/p>\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 foreign press is zeroing in on the supply chain risks posed by Trump\u2019s tariffs: <\/strong>Cargo shipments making their way from China to the US have plunged by as much as 60% after the US raised tariffs on Chinese goods to 145% in early April, threatening imminent supply shortages, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-28\/trump-s-china-tariffs-set-to-unleash-supply-shock-on-us-economy?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Retail giants Walmart and Target warned the White House that empty shelves and higher prices could hit US stores soon as thousands of companies move to restock their inventories by mid-May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The disruptions will likely ripple all the way to Christmas: <\/strong>While US President Donald Trump has signaled in recent days that he is willing to be flexible on Chinese tariffs, restarting trade would likely overwhelm reduced shipping capacity, with experts warning that this could create bottlenecks similar to those seen during the pandemic and extend supply disruptions through the critical back-to-school and holiday shopping seasons.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As well as other corners of the US economy:<\/strong> Economists are now raising inflation forecasts and warning of a potential wave of layoffs across the trucking, retail, and logistics sectors. <\/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>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Cloudy weather is on the horizon in the capital, with tomorrow\u2019s temperatures expected to reach 31\u00b0C throughout the morning before cooling to a warmer-than-usual 22\u00b0C at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, folks. This Monday brings a slew of budget news, and more international coverage of Trump\u2019s tariff-induced trade war. We might be seeing unrelated (directly, at least) changes to AI subscription prices \u2014 read ahead for the full picture. THE BIG STORY TODAY Egypt is closing in on USD 300 mn in budget support [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":664356,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7106,8950,633,7087,125,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-664355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-debt","tag-debt-swap","tag-enterprisepm","tag-finance","tag-investment-watch","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"1aa5860c-ad44-410c-91a3-87df417392ab","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/9\/1485.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[664353],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.05f2417f-8574-4bf8-bb9a-c50f57e0cfed.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 is close to receiving USD 300 mn budget support from AIIB - 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\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is close to receiving USD 300 mn budget support from AIIB\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, folks. This Monday brings a slew of budget news, and more international coverage of Trump\u2019s tariff-induced trade war. We might be seeing unrelated (directly, at least) changes to AI subscription prices \u2014 read ahead for the full picture. THE BIG STORY TODAY Egypt is closing in on USD 300 mn in budget support [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1485.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\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt is close to receiving USD 300 mn budget support from AIIB\",\"datePublished\":\"2025-04-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/\"},\"wordCount\":499,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1485.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"debt swap\",\"EnterprisePM\",\"Finance\",\"investment watch\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/\",\"name\":\"Egypt is close to receiving USD 300 mn budget support from AIIB - 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This Monday brings a slew of budget news, and more international coverage of Trump\u2019s tariff-induced trade war. We might be seeing unrelated (directly, at least) changes to AI subscription prices \u2014 read ahead for the full picture. THE BIG STORY TODAY Egypt is closing in on USD 300 mn in budget support [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-04-28T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1485.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\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/28\/egypt-is-close-to-receiving-usd-300-mn-budget-support-from-aiib\/"},"author":{"name":"enterpriseam 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AIIB: The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has approved a USD 360 mn loan to support Egypt\u2019s post-covid economic recovery, according to a cabinet statement.The facility matches a separate USD 360 mn loan approved by the World Bank in October, under\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/581.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":664389,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/29\/aiib-to-provide-egypt-with-usd-300-mn-in-budget-support\/","url_meta":{"origin":664355,"position":1},"title":"AIIB to provide Egypt with USD 300 mn in budget support","author":"enterpriseam admin","date":"29 April 2025","format":false,"excerpt":"The agreement is expected to be finalized by June","rel":"","context":"In &quot;Development 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The loan agreement, which was signed last Wednesday, comes as part of\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/359.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590197,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/aiib-to-provide-eur-250-mn-loan-for-abu-qir-metro-project\/","url_meta":{"origin":664355,"position":4},"title":"AIIB to provide EUR 250 mn loan for Abu Qir metro project","author":"enterpriseam admin","date":"16 July 2023","format":false,"excerpt":"This is around a sixth of the EUR 1.6 bn project, which will convert the Abu Qir railway into an underground metro line","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/551.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556556,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/world-bank-okays-usd-360-mn-loan-for-egypts-post-covid-recovery\/","url_meta":{"origin":664355,"position":5},"title":"World Bank okays USD 360 mn loan for Egypt\u2019s post-covid recovery","author":"enterpriseam admin","date":"31 October 2021","format":false,"excerpt":"We\u2019re getting a fresh USD 360 mn World Bank loan: The World Bank has approved a USD 360 mn facility to support the Egyptian economy as it recovers from the covid pandemic, the global lender said in a statement(pdf) on Thursday. 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