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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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Egypt
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Society
9/8/2024 6:58:17 PM
Al-Azhar has strongly warned against the rise of online groups and apps focused on betting on sports match results, describing it as “prohibited gambling.” The warning comes following a series of suicides, including that of a young man from Upper Egypt who took his life after accumulating debts due to betting.
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Business
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Economy
8/21/2024 12:44:54 PM
Egypt's external debt has declined during the first quarter (1Q) of 2024 by approximately $7.4 billion, recording $160.6 billion compared to $168 billion at the end of December 2023, according to data published by the Central Bank of Egypt (CBE).
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Business
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Economy
8/20/2024 2:58:36 PM
The Central Bank of Egypt (CBE) sold EGP 4.162 billion in EGP-denominated treasury bonds (T-bonds) with fixed coupons after accepting 12 bids out of the 73 submitted on Monday, with an annual coupon rate of 25.318 percent and a maturity date of 13 August 2027 for a three-year tenor, according to data from the CBE.
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Al-Ahram Weekly
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Economy
8/13/2024 9:55:35 PM
Official statements have been giving reassurances about the economy and laying the foundations for new policies, reports Sherine Abdel-Razek
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Business
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Economy
7/31/2024 8:04:00 PM
Egypt’s overall debt decreased by approximately seven percent in FY2023/2024 to 89 percent of the GDP, down from 95.70 percent in FY2022/2023, a significant decrease compared to FY2015/2016 when the debt accounted for over 102 percent.
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Business
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Economy
7/29/2024 3:30:05 PM
Egypt’s overall debt declined by the end of FY2023/2024, which ended on 30 June 2024, to 89 percent of the GDP, down from 95.7 percent posted at the end of the FY2022/2023, according to July's fiscal monthly report published by the Ministry of Finance.
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Al-Ahram Weekly
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Opinion
7/24/2024 7:25:33 PM
Despite the magnitude of the losses being sustained by the developing countries, there has been mostly silence regarding the current debt crisis, writes Mahmoud Mohieldin
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