Reaching a dead end? Where Egypt and the IMF stand on the stalled loan program
The state might have to renegotiate some debt servicing deadlines.
The state might have to renegotiate some debt servicing deadlines.
Egypt's refusal to acquiesce to two conditions ultimately reduced the value of the loan
The fallout of the bond yield surge on the value of the Egyptian pound remains unclear
How has the fact that economic conditions now touch every corner of Egypt's social fabric changed the way Egyptians engage with the economy?
The value of the Egyptian pound has declined steadily against the US dollar in recent days, reaching LE47.95 on Tuesday from LE…
The Egyptian pound has rallied on parallel markets over recent days, after reaching an all-time low last week at an exchange value…
Credit rating agency Capital Intelligence downgraded Egypt’s long-term sovereign debt rating from B+ to B, citing delays in implementing structural reforms recommended…
Citing an attempt to “balance” government progress with concerns about Egypt’s foreign currency inflows, Moody's Investors Service extended its review of Egypt's…
The pound is fast approaching its lowest value on record.
The decision comes amid a raft of other economic measures
«You cannot attract foreign investors if you can't keep your local investors.»
«Of all the people in the office, Maysara was probably the most afflicted by boredom. Everyone else spent their days passionately staring at computer screens that…»
«The Egyptian pound is likely to continue to decline in value, and indeed needs to accelerate its decline to reach its real market value. Investment Minister…»
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