Business
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Economy
2/11/2025 1:34:50 PM
The external debt rose by 1.5 percent during the first quarter (Q1) of the current fiscal year (FY) 2024/2025 (July-September 2024) compared to Q4 of FY2023/2024, marking the first rise since Q2 of the previous fiscal year, the Central Bank of Egypt's (CBE) latest data indicated.
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World
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International
2/4/2025 2:18:02 PM
Debt-stricken Sri Lanka marked its 77th independence anniversary on Tuesday with a military parade, while the country’s newly elected president, Anura Kumara Dissanayake, pledged to heal Sri Lanka's economic woes by the end of his five-year term.
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Al-Ahram Weekly
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Egypt
1/28/2025 11:52:00 PM
The Ministry of Finance is planning the gradual reduction and diversification of Egypt’s foreign debt.
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World
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International
1/14/2025 6:26:19 PM
France's prime minister Francois Bayrou on Tuesday warned parliament about his country's spiraling debt and said he was ready to reopen talks on pension reform, hoping to avoid a no-confidence vote that could prolong the country's rumbling political crisis.
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Business
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Economy
12/25/2024 6:21:01 PM
During the weekly cabinet meeting, Prime Minister Mostafa Madbouly announced that Egypt had repaid approximately $7 billion of its due debts in November and December, bringing the total amount repaid in 2024 to $38.7 billion.
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World
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International
12/20/2024 7:17:39 PM
Hours before the start of a federal government shutdown, President-elect Donald Trump doubled-down Friday on his insistence that a debt ceiling increase be included in any deal — and if not, let the closures “start now.”
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Business
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Economy
12/17/2024 2:33:43 PM
Egypt and Germany have signed a debt swap agreement worth 77.3 million euros to support various developmental sectors, including education, health, and social services, according to a statement by the Ministry of Planning, Economic Development, and International Cooperation on Monday.
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Al-Ahram Weekly
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Opinion
12/10/2024 6:42:29 PM
Developing countries are caught between defaulting on their debts and defaulting on essential development goals, indicating a need to find applicable solutions to the problem of financing, writes Mahmoud Mohieldin
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Business
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Economy
12/5/2024 6:05:32 PM
Ahram Online spoke to Holger Floerkemeier, director of the Middle East Regional Technical Assistance Centre (METAC), about the role of the International Monetary Fund (IMF)'s METAC in supporting fiscal policies, increasing tax revenues, and improving debt management in the region, including Egypt.
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Business
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Economy
12/3/2024 5:16:32 PM
The global economic slowdown in 2023 is expected to have a particularly acute impact on countries already struggling with elevated debt and financial instability, mainly in the low- and middle-income countries (LMICs), according to the International Debt Report (IDR) the World Bank released on Tuesday.
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Business
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Economy
11/12/2024 8:31:00 PM
World Bank (WB) Chief Economist for the Middle East and North Africa (MENA) Region Roberta Gatti discussed the latest forecasts for global and regional economic prospects in an interview with Ahram Online, emphasizing that the Egyptian economy's recovery hinges on inflation control, debt management, and investment.
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Al-Ahram Weekly
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Economy
11/7/2024 9:18:00 AM
Finance Minister Ahmed Kouchok tells MPs how he will strengthen economic stability and stimulate private sector growth.
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Business
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Economy
10/22/2024 5:03:38 PM
Egypt's portfolio flows have been net positive in recent months, with significant inflows into local currency bonds despite the ongoing debt challenges and high inflation, according to the Global Financial Stability Report released Tuesday by the International Monetary Fund (IMF).
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Business
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Economy
10/15/2024 6:05:33 PM
The International Monetary Fund (IMF) anticipates the global public debt to surpass $100 trillion by the end of 2024, equating to approximately 93 percent of the GDP.
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Business
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Economy
10/15/2024 12:57:00 PM
Egypt’s external debt has declined by 5 percent to $152.88 billion during the fourth quarter (Q4) of the fiscal year (FY) 2023/2024, down from $160.60 billion in the previous quarter, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Business
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Economy
10/3/2024 7:27:32 PM
Egypt's external debt decreased by nine percent to $152.8 billion in June, down from $168 billion in December 2023, Prime Minister Mostafa Madbouly announced on Wednesday.
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Al-Ahram Weekly
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Opinion
10/1/2024 6:53:57 PM
The question of financing sustainable development when many countries are weighed down by debt is at the heart of current global discussion, writes Paola Subacchi
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Business
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Economy
10/1/2024 2:53:15 PM
Egypt’s public expenditures have declined by 5.9 percent in July and August of the current FY2024/2025, reflecting the government’s ongoing efforts to enhance strategic management of public debt, according to the monthly report published by the Ministry of Finance.
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Business
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Energy
9/25/2024 2:39:17 PM
US Special Presidential Envoy for Climate John Kerry said that Egypt's Nexus of Water, Food and Energy (NWFE) programme is a model for initiatives that countries can adopt to mobilize climate investments and transform into a green economy.
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Business
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Economy
9/11/2024 12:00:00 PM
Minister of Finance Ahmed Kouchouk said his ministry's top priority is to rebuild trust between the tax authority and business community, during a dialogue with the business community organized by the American Chamber of Commerce in Egypt (AmCham).
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