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Egypt participates in launching financing platform between 10 international banks

The joint financing forum will provide a space for participants to discuss joint financing opportunities, the best practices, and common issues.

Speaking at a press conference, El-Said detailed Egypt’s ambitious target of $1.5 billion from its public offering program by the end of 2024.

Egypt’s economy has been struggling for years with inflation. In January 2022, one USD cost EGP 15.7, and one year later, it cost EGP 29.8.

Minister Al-Mashat also highlighted a debt swap agreement worth $100 million signed with China in October 2023.

Data published on the website of the Central Bank of Egypt (CBE) showed that the deficit in the bank’s net foreign assets fell in March.

Finance Events

Seamless North Africa 02.07.2024

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