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Business
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Economy
10/18/2023 6:11:41 PM
Fitch Ratings has placed Israel’s sovereign debt ratings on Rating Watch Negative (RWN), attributing its decision to the increasing risk of escalating the ongoing conflict with Hamas, the rating agency said in a report on Tuesday.
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Business
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Economy
10/15/2023 2:58:30 PM
The International Monetary Fund (IMF) will announce the dates for the first and second reviews of Egypt’s economic reform programme by the end of October, Minister of Finance Mohamed Maait stated on Saturday.
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Business
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Economy
10/12/2023 7:26:10 PM
Zambia has signed a debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic.
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Business
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Economy
10/12/2023 2:12:41 PM
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Thursday that the fund is working on defining a date to send a mission to Egypt to conduct a review of the four-year loan programme it signed with the country in December 2022.
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Business
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Economy
10/11/2023 3:03:47 PM
Egypt's elevated debt in FY2023/2024 is the result of several factors, including high spending on interest rates, Ruud De Mooij, deputy director of the Fiscal Affairs Department at the International Monetary Fund (IMF), told Ahram Online.
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Business
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Economy
10/11/2023 12:04:14 PM
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Economy
10/10/2023 3:20:23 PM
The recent decision by international credit rating agency Moody's to downgrade Egypt’s credit rating from B3 to Caa1 will inflate the cost of borrowing and place a heavier debt burden on the country, experts told Ahram Online.
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Business
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Economy
10/8/2023 9:47:52 PM
The Central Bank of Egypt (CBE) has accepted EGP 43.05 billion in bids for two issuances on T-bills offered on Sunday.
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Business
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Economy
10/4/2023 3:42:17 PM
International investors are hedging against a high risk of default on Egypt’s debt in the coming period, according to a research note released by international market data platform Refinitiv.
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Business
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Economy
10/3/2023 8:45:14 PM
Egypt is required to pay $29.23 billion in external debt service in 2024, with $14.59 billion due in the first half (H1) of the year and $14.63 billion in the second half (H2), according to the Central Bank of Egypt (CBE).
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Business
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Economy
9/27/2023 10:50:53 PM
The United States is heading toward a government shutdown this weekend with no foreseeable way out of a deadlock in Congress over hardline Republican calls for deep spending cuts.
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Business
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Economy
9/24/2023 8:49:15 PM
The Egyptian Exchange (EGX) started on Sunday trading treasury bills (T-Bills) on the secondary market, according to a press release.
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Egypt
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Foreign Affairs
9/21/2023 12:57:50 PM
Egyptian Minister of Foreign Affairs Sameh Shoukry, the president of the COP27 which was held in Sharm El-Sheikh in 2022, stressed on Wednesday that countries at climate risk should not incur extra debt burdens or be subject to conditions that do not consider their emergency needs or challenges.
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Business
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Economy
9/17/2023 8:06:55 PM
The times scheduled for the International Monetary Fund’s (IMF) reviews of the Egyptian economy for the $3 billion loan program with the fund are “tentative and not final," a high-level source familiar with the deal told Ahram Online.
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Business
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Economy
9/13/2023 4:14:38 PM
The global debt to GDP ratio fell by 10 percent in 2022 to 238 percent from its 2021 level, yet total debt amounted to $235 trillion, $200 billion above the 2021 level, according to the International Monetary Fund on Wednesday.
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Egypt
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Foreign Affairs
9/10/2023 5:48:41 PM
Egyptian President Abdel-Fattah El-Sisi emphasized the urgent need to address the escalating debt burdens of developing countries during the closing session of the G20 Summit in New Delhi on Sunday.
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Business
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Economy
9/9/2023 10:18:06 PM
Egypt has paid $52 billion of its foreign liabilities within the past two fiscal years (2021-22 and 2022-23), Finance Minister Mohamed Maait said on Saturday.
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Business
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Economy
9/7/2023 6:41:03 PM
The leaders of the International Monetary Fund and World Bank announced Thursday that the two institutions will collaborate more closely to tackle the "existential threat" posed by climate change.
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World
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Africa
9/7/2023 5:57:33 PM
Renewables funding, global finance reform and carbon taxes head the demands formulated by African nations at a summit in Nairobi this week as the world heads towards annual climate negotiations.
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Business
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Economy
9/7/2023 5:37:26 PM
The Egyptian government seeks to collect $1.5 billion in external financing before the end of 2023, Minister of Finance Mohamed Maait stated on Thursday.
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