Borrowing rate will not slow down as debt is set to increase
The finance ministry sold new bonds on international markets worth $3bn
Egypt’s public debt is reaching critical level
Experts believe there are no other options but to ask for more…
Banks increase bad debt allocations by EGP 27.2bn due to flotation
Total financial position of banks climbed to EGP 3.99tn at the end…
CBE provides $600m to settle dollar debts of about 570 companies
Companies will repay their debts—that resulted from fluctuations of exchange rates after…
IMF loan’s first tranche was not used to pay off debts: CBE governor
The total imports in 2016 amounted to $76bn, of which $2.2bn were…
Cost of government debt threatens economic reform programmes
The government successfully controls the subsidies and salaries bills, but fails to…
2016: an opening for Egypt’s economy to recover or an entryway into a dark tunnel?
International lending is threatened with the fate of Gulf aid, which failed…
Egypt, IMF to cut budget deficit to 5.5% during 3-year funding programme
Primary agreement between IMF and Egypt; IMF executive board to determine timing…
Africa may face unsustainable debt: report
Africa may have a problem with unsustainable debt on its hands if…
