government debt
Egypt sets annual cap for government debt after doubling in recent years
Business
November 15, 2024
Egypt sets annual cap for government debt after doubling in recent years
The Egyptian Cabinet on its weekly meeting on Thursday approved the activation of the Unified Public Finance Law to set…
Egypt aims to reduce government debt to 77.5% by June 2022
Business
August 17, 2019
Egypt aims to reduce government debt to 77.5% by June 2022
The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
Business
May 17, 2019
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
The International Monetary Fund (IMF) mission to Cairo reached a staff-level agreement with the Egyptian authorities for the completion of…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business
January 17, 2018
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
PM: Only 24% of governmental bodies have paid energy bills
Business
July 12, 2017
PM: Only 24% of governmental bodies have paid energy bills
Prime Minister Sherif Ismail asserted on Tuesday the importance of cracking down on governmental bodies that refrain from paying their electricity…