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The Loan is segregated into Tranches A and B, with maturity of five and four years respectively, complemented by a grace period of five months.
13% of short-term debts are deposits from Arab countries that are renewed every four years
The IIF works in a sample of 25 past IMF programmes in developed, emerging, and frontier markets that started with debt to GDP ratios above 75%.
Abulnaga ruled out the impact of interest rate cut on foreign investments in Egyptian debt
Domestic debt records 79% of GDP, of which 86.4% is owed by the government, 7.3% by public economic bodies and 6.3% by National Investment Bank
Ministry is issuing 16 offerings of EGP 151bn worth T-Bills and 8 T-Bonds offerings of EGP 9.75bn
The CBE said in a recent report that these debts include $21bn of interest on paid loans and $5bn of debt services.
The Minister of Electricity and Energy, Mohammed Shaker, held a meeting with the NREA leaders to review the authority’s measures to improve its financial situation.
Research note affirms strong expectations of interest rate cut by 100 bps in September or November
Banks’ assets of T-Bills reach EGP 725.92bn, topping list of debt holders, says CBE
State debt at 84.4%., according to CBE
Countries will need to remain vigilant against rise in inflation
Egypt’s Finance Minister Amr El-Garhy, said that the debt in both the petroleum and electricity sectors in the country have exceeded EGP 900bn, during a press conference on the sidelines of a weekly cabinet meeting on Wednesday. El-Garhy said that this situation cannot continue, especially with the challenging news that face the world, including the …
The government borrows money to meet its short- or long-term needs when there is a budget deficit. This is called debt. So, debt is a bill paid by coming generations in cases of obtaining loans for the purpose of narrowing a budget deficit without aiming to finance development projects. Or it may be a bill …
$233tn world debt may be warning sign of imminent financial crisis
The company likely to suffer slower recovery in passenger car business segment
The debts of the industrial sector owed to the Egyptian Natural Gas Holding Company (EGAS) amounted to EGP 7bn, according to a source at the company. According to the source, who asked not to be named, the indebtedness of the industrial sector has increased recently as a result of factories tending to pay only a …
Different reactions to interest rate, 2% raise in interest rate at CBE
The largest deal to be announced in 2017 is Tronox’s $2.2bn acquisition of a Saudi titanium dioxide business and is expected to boost inbound M&A to $6.6bn, says IB analysis
The bank seeks to increase its profits by more than 100% by the end of this year, says El Kadi
We aim to reduce the deficit to 9%, unemployment to 11.5%, increase growth to 4.6%, says El-Garhy
The finance ministry sold new bonds on international markets worth $3bn
Experts believe there are no other options but to ask for more loans, while national and foreign debt is equally dangerous
Total financial position of banks climbed to EGP 3.99tn at the end of November 2016, increasing by EGP 857.2bn from October
Companies will repay their debts—that resulted from fluctuations of exchange rates after the flotation—at an interest rate of 12% over two years
There are three variables in any economy which need to be reduced: inflation, unemployment, and debt; and three others which must be increased, including investment, growth, and export. There are also some intermediate variables that contribute to achieve those six goals, such as increasing the savings which help boosting investment and fighting poverty through reducing …
The total imports in 2016 amounted to $76bn, of which $2.2bn were for maize and beans
The government successfully controls the subsidies and salaries bills, but fails to handle the interest on government debt
International lending is threatened with the fate of Gulf aid, which failed to heal Egypt’s economy