Macron has spent a fortune, bond yields are going up, stocks are falling, Brussels is demanding reform, the IMF is preparing an emergency package, and populists are at the gate... Sacré bleu!
The Egyptian Pound is weak, and the country is losing income from Houthi missiles, causing ships to avoid the Suez Canal. The timing is bad, as Cairo asks the IMF for $750mn in loans.
The global debt burden decreased for the second year in a row, even though it remains above its already-high pre-pandemic level, according to the latest update of the International Monetary Fund’s…
Downgrade was prompted by declining foreign exchange inflows, continued restrictions to the Egyptian pound's exchange rate, as well as external pressures to the economy
Egypt has finalized a staff-level agreement with the international monetary fund (IMF) on the components of its program, and will issue an announcement "very soon," the country's finance minister…
Debt hysteria is the best terminology that can be used to describe what’s going on. It feels like the world will end when you hear headlines saying the USA is going to run out of money by the end of…
The dragging of the country's former central bank governor through the courts on embezzlement charges may be linked to the monitoring by a key finance body charged with combating money laundering.
The trailblazing Egyptian producer and actress with a tumultuous private life had become an icon when she died in 2020, not least for having stood against the nationalisation of cinema
With relations with the West in decline, Algiers announces its accession to the New Development Bank, with more cooperation with the global south expected