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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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EBRD approves $100mln financing package to Banque Du Caire for Egyptian private sector

Banque du Caire received US$ 100 million financing package from The European Bank for Reconstruction and Development (EBRD) for trade financing and on-lending to local micro-, small and medium-sized…
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IFC, ALEXBANK to provide new financial products for Egyptian farmers

The International Finance Corporation (IFC), a member of the World Bank Group, and ALEXBANK, an Egyptian private bank, are partnering to help Egyptian farmers access financing to purchase solar…
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Egypt agrees with a Russian firm to supply low-enriched nuclear fuel components during 2021

Egyptian Atomic Energy Authority (EAEA) has signed an agreement with Novosibirsk Chemical Concentrates Plant (NCCP), a subsidiary of Russian nuclear fuel manufacturer TVEL, for supplying new batch of…
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Egypt will be organising exhibitions for MSMEs as often as possible

Egypt is keen to continue organising exhibitions for micro, small and medium sized enterprises (MSMEs), Eexecutive Director of the Micro, Small and Medium Enterprises Development Agency (MSMEDA), …
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Fitch keeps Egypt’s rating at B+ with stable outlook, GDP growth to reach 3%

Egypt’s long-term foreign currency issuer default rating (IDR) remains at B+ with a stable outlook, according to recent report from Fitch Ratings.
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Egypt’s NIGSD launches 2nd African Women Leadership Program

Egypt’s National Institute for Governance and Sustainable Development (NIGSD), the training arm of the Ministry of Planning and Economic Development, will launch the second edition of the African…
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Egypt, Japan and UNIDO sign $3.5m grant deal to support circular economy

The signing of a $3.5 million grant agreement between the Japanese Embassy in Cairo and the United Nations Industrial Development Organization (UNIDO) happened Wednesday, allocated to the Ministry of…
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IFC to provide USD 30 mn in financing to glass maker Pasabahce Egypt

The International Finance Corporation (IFC) is lending $30 mn to the Egyptian arm of Turkish glassmaker Pasabahce to help it grow exports, improve energy practices, and create more jobs, the lender…
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Egypt among countries to benefit most of $500 Billion IMF Reserve Plan

Egypt is among the countries that stand to benefit the most from an IMF proposal to earmark another $ 500 bn in Special Drawing Rights (SDRs) — the IMF’s artificial currency made up of unequal parts…
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Capital Intelligence confirms Egypt’s sovereign ratings with stable outlook

Capital Intelligence Ratings (CI) announced, on Friday, that it has affirmed Egypt’s Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) at ‘B+’.
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