|
World
-
International
4/10/2022 5:20:36 PM
Sri Lankan protesters occupied the entrance to the president's office for a second day on Sunday, demanding Gotabaya Rajapaksa resign over the debt-ridden country's worst economic crisis in memory.
|
|
War in Ukraine
-
Economy
4/9/2022 11:20:22 PM
The credit ratings agency Standard & Poor's has downgraded its assessment of Russia's ability to repay foreign debt, signaling rising prospects that Moscow will soon default on external loans for the first time in more than a century.
|
|
War in Ukraine
-
Economy
4/6/2022 11:14:59 PM
Russia said Wednesday that it made a debt payment in rubles this week, a move that may not be accepted by Russia's foreign debt holders and could put the country on a path to a historic default.
|
|
War in Ukraine
-
Economy
4/5/2022 3:59:10 PM
The United States starting Tuesday will bar Russia from making debt payments using funds held at American banks, ramping up the economic pain on Moscow over its invasion of Ukraine, the US Treasury said.
|
|
Business
-
Economy
4/3/2022 3:25:21 PM
Egypt is planning to lower its debt to GDP ratio to below 90 percent by the end of the current FY2021/22 — which will conclude at the end of June 2022 — and under 85 percent over the coming three years, according to Minister of Finance Mohamed Maait.
|
|
Al-Ahram Weekly
-
Economy
3/29/2022 8:34:20 PM
Egypt is borrowing in Japanese yen in an effort to diversify its foreign currency resources, writes Doaa A. Moneim
|
|
Egypt
-
Politics
3/29/2022 12:26:43 PM
Egypt's Minister of Environment Yasmine Fouad asserted that world countries should determine their needs to mitigate the negative impact of climate change along with diversifying the funding tools of soft loans, debt exchange and loans to ease small and medium-scale projects.
|
|
War in Ukraine
-
Economy
3/17/2022 8:10:45 PM
Russia's Finance Ministry said it transferred a $117 million bond interest payment in an attempt to avoid a default on government debt but left it open if the money actually reached foreign investors by the deadline.
|
|
War in Ukraine
-
Economy
3/15/2022 11:09:56 AM
The government in Kyiv continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the IMF said late Monday.
|
|
War in Ukraine
-
Economy
3/14/2022 10:23:35 AM
Russia's finance ministry on Monday accused foreign countries of wanting to force Russia into an "artificial default" through unprecedented sanctions over Ukraine and said it would meet its debt obligations.
|
|
Al-Ahram Weekly
-
Opinion
2/28/2022 12:53:00 PM
Financing the recovery from the Covid-19 pandemic will require solutions that are better able to deal with debt and include more effective and equitable management mechanisms.
|
|
Business
-
Economy
2/16/2022 2:53:59 PM
The global sovereign debt is expected to maintain its increase through the end of 2022 to reach $88 trillion, Fitch Ratings stated in a report released on Wednesday.
|
|
Business
-
Economy
2/15/2022 3:27:07 PM
Developing countries, including Egypt, are under elevated risk of financial fragility caused by the COVID-19 crisis and non-transparent debt, according to the World Development Report 2022 released by the World Bank on Tuesday.
|
|
Al-Ahram Weekly
-
Economy
2/11/2022 7:51:00 PM
Experts are betting that the Egyptian economy can handle the aftermath of the pandemic, write Niveen Wahish and Sherine Abdel-Razek.
|
|
Business
-
Economy
2/2/2022 2:54:56 PM
Egypt targets lowering the budget’s overall deficit to below 6.7 percent by end of FY2021/2022 and to below six percent in FY2022/2023, down from 7.4 percent in FY2020/21, Minister of Finance Mohamed Maait announced on Wednesday.
|
|
Business
-
Economy
2/1/2022 4:08:16 PM
Egypt aims to lower the overall debt-to-GDP ratio to below 90 percent by June 2022 and below 85 percent over the coming three years, down from 108 percent recorded in June 2017, Minister of Finance Mohamed Maait announced on Tuesday.
|
|
Business
-
Economy
1/19/2022 12:59:47 PM
Egypt’s gross local public debt increased to EGP 4.7 trillion (81 percent of the country’s GDP) by the end of FY2020/21, up from the EGP 4.3 trillion reached by the end of FY2019/20, with the government owing 87.8 percent of this total, according to the latest data published by the Central Bank of Egypt (CBE).
|
|
Business
-
Economy
1/18/2022 6:03:07 PM
Foreign investors have pumped $970 million since early January in investments in Egypt’s long-term treasury bills (T-bills), an official source at the Central Bank of Egypt (CBE) said on Tuesday.
|
|
World
-
International
1/9/2022 10:01:39 AM
Chinese Foreign Minister Wang Yi was in Sri Lanka on Sunday seeking to advance China's ambitious Belt and Road Initiative, as the island nation looked to Beijing for help as it tries to rescue itself from a foreign currency and debt crisis.
|
|
World
-
Africa
1/6/2022 10:59:49 PM
China's Foreign Minister Wang Yi on Thursday rejected suggestions that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a "narrative" pushed by opponents to poverty reduction.
|