Sisi orders government to present 5-year achievements report in October
President Abdel Fattah El-Sisi on Sunday directed the government to prepare a comprehensive report on the state’s…
Browsing Tag
public debt
Egypt denies Suez Canal debt swap
Egypt denies plans to swap or pledge the Suez Canal to settle domestic debt, the Cabinet said on Sunday, rejecting…
Egypt advances strategy to reduce public, external debt
Egypt’s government is developing a comprehensive strategy to enhance fiscal discipline and improve its debt…
Egypt reports strong economic performance ahead of IMF visit
Egypt’s Prime Minister Moustafa Madbouly chaired the Economic Ministerial Group meeting on Wednesday to review…
Fitch affirms Egypt’s rating at ‘B’ with stable outlook
Fitch Ratings has affirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’, maintaining a…
IMF, Jordan reach staff-level agreement on economic reform reviews
The International Monetary Fund (IMF) has reached a staff-level agreement with Jordan on the fourth review under…
Egypt cuts debt-to-GDP to 85.6% – FinMin
Egypt has begun reducing its debt-to-GDP ratio, which reached 85.6 per cent in June, Finance Minister Ahmed…
Egypt’s Sisi urges debt cost cuts, tighter fiscal discipline, enhanced social justice
Egyptian President Abdel Fattah El-Sisi on Saturday called on his government to step up efforts to cut debt…
Time for bold homegrown IMF orthodoxy alternative
As Egypt navigates one of the most difficult economic moments in its recent history, the grip of International…
Central bank body BIS flags deep risks in fractured global economy
The Bank for International Settlements (BIS) warned in its latest assessment of the state of the world economy that…
Senegal’s debt jumps amid rising fiscal pressures
Senegal’s public debt surged by the end of March 2025, reflecting mounting fiscal strain as the government…
Egypt allocates Red Sea land to lower public debt
Egypt’s finance ministry plans to develop a prime land plot on the Red Sea, saying it is part of a broader strategy…
Bulgaria gets EU approval to join eurozone in ’26
The European Commission and European Central Bank (ECB) have approved Bulgaria’s adoption of the euro, set for 1…
Egypt’s FinMin: No new tax burdens
Egypt's Finance Minister Ahmed Kouchouk met with business community representatives in Alexandria, reiterating the…
IMF upgrades UK growth outlook amid economic recovery
The UK economy is showing signs of recovery following a slowdown in late 2024, with the International Monetary Fund…
France’s public deficit expands in ’24, spending surges
France’s general government deficit widened to €169.6 billion in 2024, reaching 5.8 per cent of GDP, up from 5.4…
1st phase of tax concession plan to kick off ’25 – Egypt’s FinMin
Egypt’s Finance Minister Ahmed Kouchouk affirmed that the first phase of tax relief measures will be implemented…
Egypt’s private sector investments exceed 63% for 1st time
Egypt’s Minister of Finance Ahmed Kouchouk highlighted on Thursday that, for the first time in years, private…
Bank of Israel maintains rate at 4.5%
Bank of Israel decided on Monday to maintain the interest rate at 4.5 per cent. Economic activity is recovering at…
Portugal’s GDP to Slow in ’24 – IMF
Portugal’s GDP is expected to slow to 1.9 per cent in 2024, down from 2.3 per cent in 2023, according to the…
Strong growth vital for UK debt stability- S&P Global
Stronger economic growth is crucial to stabilising Britain's mounting public debt, according to credit rating…
EU: none of non-euro countries meet criteria for eurozone
The European Commission announced on Wednesday that none of the six European Union (EU) countries that have yet to…
OECD upgrades ’24, ’25 growth forecasts for France
France’s GDP growth is set to dip to 0.7 per cent in 2024 from 0.9 per cent in 2023 before rebounding to 1.3 per…
Zambia’s FinMin says to meet IMF officials next week
Zambia’s Finance Minister Margaret Mwanakatwe said on Tuesday she will meet with top International Monetary Fund…
Egypt to reduce public debt to 92% of GDP in FY2019
Egyptian Finance Minister Mohamed Maait said the country will reduce its public debt to 92 percent of the GDP in…
Jordan unveils major IMF-guided tax hikes to reduce public debt
Jordan’s cabinet announced on Monday a major package of IMF-guided tax hikes it says are crucial to gradually…
Egypt targets 5.5% growth rate in FY2018/19: deputy FinMin
Egypt’s government is targeting a growth rate of 4.8 percent for the 2017-18 financial year and 5.5 percent for the…
IMF bailout for Egypt seeks major cut in public debt
The International Monetary Fund said Friday that its $12 billion bailout programme for Egypt is aiming to reduce…
Egypt eyes Lowering Public Debt to 85% of GDP – PM
Egyptian government plans to reduce the country’s total public debt from 95% to 85% of GDP in the upcoming period,…