Moody’s Investors Service has kept Egypt’s credit profile at “B2 stable,” with a stable outlook underpinned by the country's economic strength.
President Abdel-Fattah El-Sisi stressed the necessity of coordination between different state apparatuses to reduce public debt and inflation rates, Invest-Gate reports.
The International Monetary Fund (IMF) said on April 6 that Egypt's total public debt is expected to continue shrinking to nearly 74% of the gross domestic product (GDP) by 2022/23, on the back of the implementatio ...
Giant financial services provider Fitch Solutions said it anticipates Egypt's fiscal deficit to shrink from an estimated 9.4% of GDP in FY 2017/18 to 7.8% and 6.4% of GDP in FY 2018/19 and FY 2019/20, respectively ...
The Finance Ministry's FY 2019/20 draft state budget targets reducing Egypt's total budget deficit to 7% of the country's GDP, down from 8.4% in the current fiscal year, anticipating to see the deficit shrinking t ...
Saudi Arabia, Kuwait, and UAE have signed on October 4 a financial support agreement worth USD 10 bn with Bahrain to aid the country's funding requirements as it embarks on a fiscal program aimed at eliminating it ...
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