Egypt
Gap widened between Egyptian pound's official and parallel markets rates
Preliminary agreement sets stage for economic reforms and growth
Can an agreement with IMF be expected?
Expands services to mitigate impact on maritime traffic
Anticipated devaluation of the pound beyond the current exchange rate
Supporting partnership between the public and private sectors
Egypt's overall classification was affirmed at Caa1 in October 2023
Compared to growth rate of 4.4 percent in 2022-2023
Despite global crises, Egypt has maintained balanced economic indicators
Will include green, blue, social, and sustainable bonds to support Egypt’s Vision 2030
Recorded 33.7 percent in December, down from 34.6 percent in November
Strategic roadmap to fortify the Egyptian economy in a turbulent global landscape
Deal includes developing yacht and cruise ship tourism in Egypt
Population reached 105.858 million on January 1, 2024
As part of efforts to stabilize the economy
Maintaining credit and discount rate at 19.75 percent
Difficulties securing affordable financing currently, given the country’s strict monetary policy and credit rating
Post-election austerity measures under close scrutiny by analysts
The financing gap in Egypt will reach $7 billion in the current fiscal year
Surging by $71 mn compared to last year's same period
Egypt is committed to its net zero and green energy transitions
Initiative to achieve a major breakthrough in the performance of the Egyptian Stock Exchange
Number of Gulf tourists in Egypt reached 2 million
