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What you need to know about the new IMF-backed economic reform programme for Egypt

IMF loan to stabilise Egypt’s economic situation: Fitch Solutions

Egypt, IMF reaches agreement on component of new reform programme

Fitch Solutions increases expectations for Egypt’s GDP growth to 6.59% in 2022

IMF, Egypt to reach Staff Level Agreement very soon

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IMF improves Egypt budget deficit projections in its Fiscal Monitor Report

The International Monetary Fund (IMF) said that Egypt’s fiscal position has improved over the past six months, though debt is expected to rise at a quicker pace than before according to Figures in the…
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ValU, PayTabs Egypt partners with LuLu Group for burden-free shopping

EFG Hermes announced a new partnership between its NBFI subsidiaries valU for consumer finance and PayTabs Egypt with LuLu Group International in Egypt for a burden free shopping.
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Egypt’s economy to record 2.5% in FY 2020/21 before rebounding to 5.7%: IMF

The International Monetary Fund (IMF) has predicted that the Egyptian economy will continue its positive growth this fiscal year (FY) 2020/21, recording 2.5 percent.
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Egypt’s debt levels will continue trending down on FY2021/2022 draft budget targets, WB

Egypt’s elevated debt levels will be put on a downturn path on the back of its FY2021/2022 draft budget targets, particularly its initial surplus expectations according to the World Bank’s practice…
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World Bank: Egypt’s primary surplus to pave way to sustainable debt strategy

Egypt’s primary surplus during the Coronavirus pandemic helped cushion the blow to its public debt, despite higher debt levels that affected much of the MENA region, according to the World Bank’s…
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Egypt’s sovereign fund subscribes to invest EGP 250m in Egypt Education Fund

The Sovereign Fund of Egypt (TSFE) has subscribed to invest more than 250 million Egyptian pounds in the third issuance of Egypt Education Fund which is managed by the Egyptian Financial Group Hermes…
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Africa Signs Historic Agreement with Johnson & Johnson for 400 Million Doses of COVID-19 Vaccines

The African union has successfully signed historic COVID-19 vaccine procurement Agreement with Johnson & Johnson for 400 Million Doses of COVID-19 Vaccines, according to AU chairman, President…
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IFC, Egypt’s Fintech Association join forces to support sector’s entrepreneurs

The International Finance Corporation (IFC), a member of the World Bank Group, is cooperating with the Egyptian Fintech Association to support financial technology (fintech) entrepreneurs as part of a…
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World Bank to announce new strategic partnership with Egypt for next 4 years

The World Bank plans to focus on improved governance, private sector job creation and social inclusion in Egypt under its 2021-2025 Country Partnership Framework, which the bank is currently drawing…
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Increased Egyptian expat remittances positive for economy: Moody’s

Egypt’s recent increase in its expat remittances has had a positive effect on recipient households, on the broader economy as well as Egyptian banks as it supports their deposit-based funding profile…
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