Egypt Kicks Off FY 2020/21 with Largest-Ever State Budget

Egypt's Ministry of Finance kicked off the FY 2020/21 state budget on July 1, estimated at EGP 2.2 trn, marking the largest in the country's history.

IMF Approves USD 2.8 bn in Pandemic Aid to Egypt

The International Monetary Fund (IMF) has approved Egypt’s request for USD 2.772 bn in financial aid to address the urgent balance of payment needs stemming from the COVID-19 outbreak.

President Sisi Approves FY 2019/20 Budget: Official Gazette

The Egyptian official gazette has officially released that President Abdel-Fattah El-Sisi ratified the FY 2019/20 state budget, effective as of July.

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