m.m.f
Forumer storico
...l'unica brsa che mi interessa al riguardo è quella del FMI e,di quanto sarà aperta anche perchè: E' L'ULTIMA VOLTA.
Egitto 6.875% 30.04.2040 ISIN XS0505478684
- Creatore Discussione pietro17elettra
- Data di Inizio
...l'unica brsa che mi interessa al riguardo è quella del FMI e,di quanto sarà aperta anche perchè: E' L'ULTIMA VOLTA.
gualberto
Charlie don't Surf
S&P Global Ratings keeps Egypt’s rating at B; Outlook stable
S&P’s analysts anticipate that the Egyptian economy will achieve high growth rates in the medium range due to policies and reforms encouraging investments and businesses which support sustainable economic growth, Maait said.
www.arabfinance.com
m.m.f
Forumer storico
Rating confermato B outlook stable.. I commenti dell'articolo mi sembrano positiviS&P Global Ratings keeps Egypt’s rating at B; Outlook stable
S&P’s analysts anticipate that the Egyptian economy will achieve high growth rates in the medium range due to policies and reforms encouraging investments and businesses which support sustainable economic growth, Maait said.
... credo che in qualche modo devono riuscire a metterli in riga. Altrimenti nei fatti anche il fondo conferma che i suoi piani di salvataggio di fatto sono un accompagnamento coatto al default.
I soldi dovrebbero essere erogati solo ad avanzamento lavori. No riforme no soldi.
E, lasciare piu fiato riguardo a modalita e tempistiche di rimborso.
Almeno 5 o 7 anni.
pietro17elettra
Nonno pensionato
UPDATE 1-Egypt's Sisi orders release of prominent former MP and activist
Oggi 13:05 - RSF
(Adds details, background)
CAIRO, Oct 24 (Reuters) - Egyptian President Abdel Fattah al-Sisi pardoned jailed former member of parliament and prominent activist Zyad Elelaimy, a presidential pardon committee member said on Monday.
Elelaimy was one of the leading activists during the 2011 uprising which toppled Hosni Mubarak and had been jailed since 2019.
His mother posted on social media that she was on her way to collect him from prison.
Tarek Elkhouly, a member of the pardon committee member which was established this year, said Sisi's decision to release Elelaimy had been made been made in response to calls from political forces and the committee. It comes two weeks before Egypt hosts the COP27 climate conference.
In recent months Egyptian authorities have taken steps that they say aim to address human rights and open political space, but which critics have described as largely cosmetic.
Since April, more than 1,000 people held in pre-trial detention have been freed, and 12 convicted prisoners have been amnestied, according to another committee member, Tarek al-Awady.
Egypt's most prominent activist, Alaa Abd el-Fattah, remains in jail and is more than 200 days into a hunger strike.
Thousands of others remain in prison following a crackdown that swept up both Islamists and liberal opposition figures over the past nine years, rights groups say.
Sisi's supporters say the crackdown was necessary to stabilise Egypt.
Elelaimy was sentenced to five years in prison last year on charges of spreading false news.
He and others also faced separate allegations over the Hope coalition case, in which authorities accused them of being part group funded by the Muslim Brotherhood to incite revolution and commit violence.
Colleagues and activists said those arrests were aimed at preventing the formation of a secular coalition ahead of parliamentary elections in 2020 that were dominated by Sisi's supporters.
(Reporting by Mahmoud Mourad and Farah Saafan; Writing by Nadine Awadalla and Aidan Lewis; Editing by Alison Williams and Angus MacSWan)
(([email protected]
)
Oggi 13:05 - RSF
(Adds details, background)
CAIRO, Oct 24 (Reuters) - Egyptian President Abdel Fattah al-Sisi pardoned jailed former member of parliament and prominent activist Zyad Elelaimy, a presidential pardon committee member said on Monday.
Elelaimy was one of the leading activists during the 2011 uprising which toppled Hosni Mubarak and had been jailed since 2019.
His mother posted on social media that she was on her way to collect him from prison.
Tarek Elkhouly, a member of the pardon committee member which was established this year, said Sisi's decision to release Elelaimy had been made been made in response to calls from political forces and the committee. It comes two weeks before Egypt hosts the COP27 climate conference.
In recent months Egyptian authorities have taken steps that they say aim to address human rights and open political space, but which critics have described as largely cosmetic.
Since April, more than 1,000 people held in pre-trial detention have been freed, and 12 convicted prisoners have been amnestied, according to another committee member, Tarek al-Awady.
Egypt's most prominent activist, Alaa Abd el-Fattah, remains in jail and is more than 200 days into a hunger strike.
Thousands of others remain in prison following a crackdown that swept up both Islamists and liberal opposition figures over the past nine years, rights groups say.
Sisi's supporters say the crackdown was necessary to stabilise Egypt.
Elelaimy was sentenced to five years in prison last year on charges of spreading false news.
He and others also faced separate allegations over the Hope coalition case, in which authorities accused them of being part group funded by the Muslim Brotherhood to incite revolution and commit violence.
Colleagues and activists said those arrests were aimed at preventing the formation of a secular coalition ahead of parliamentary elections in 2020 that were dominated by Sisi's supporters.
(Reporting by Mahmoud Mourad and Farah Saafan; Writing by Nadine Awadalla and Aidan Lewis; Editing by Alison Williams and Angus MacSWan)
(([email protected]
)m.m.f
Forumer storico
Egitto: presidente Al Sisi, servono soluzioni decisive per affrontare crisi economica
Il Cairo, 23 ott 20:16 - (Agenzia Nova) - Sono necessarie soluzioni “decisive e la comprensione da parte dell'opinione pubblica per portare avanti drastiche riforme economiche e per affrontare le crisi a cui il Paese ha assistito negli ultimi 50 anni”. Lo ha dichiarato il presidente dell’Egitto, Abdel Fattah al Sisi, nel suo intervento alla Conferenza economica egiziana 2022 che ha preso il via oggi nella Nuova capitale amministrativa situata a est del Cairo. Organizzata dalla presidenza egiziana, la conferenza durerà tre giorni e affronterà una serie di questioni economiche e fascicoli relativi alle condizioni e al futuro dell'economia del Paese delle piramidi. All’evento prenderono parte ministri, funzionari e rappresentanti di agenzie governative, oltre a economisti ed esperti di vari settori. “I risultati della conferenza economica saranno i pilastri del percorso di riforma economica dell’Egitto”, ha affermato al Sisi, aggiungendo che "la profondità della crisi di cui soffre lo Stato egiziano nell'era moderna richiede misure severe, dure e continue". Il capo dello Stato ha affermato che sono stati spesi 7mila miliardi di sterline egiziane (361 miliardi di euro) per realizzare lo sviluppo, ma questa cifra è molto modesta di fronte ai bisogni dello Stato”, ha sottolineato Sisi, aggiungendo che il governo sta facendo il possibile. Al Sisi ha affermato che gli eventi del 2011 e del 2013 "hanno aggravato ed esacerbato le crisi e quasi distrutto il presente e il futuro dell'Egitto". (segue) (Cae) © Agenzia Nova - Riproduzione riservata
.... il fatto che se ne rende e' gia qualcosa...
Il Cairo, 23 ott 20:16 - (Agenzia Nova) - Sono necessarie soluzioni “decisive e la comprensione da parte dell'opinione pubblica per portare avanti drastiche riforme economiche e per affrontare le crisi a cui il Paese ha assistito negli ultimi 50 anni”. Lo ha dichiarato il presidente dell’Egitto, Abdel Fattah al Sisi, nel suo intervento alla Conferenza economica egiziana 2022 che ha preso il via oggi nella Nuova capitale amministrativa situata a est del Cairo. Organizzata dalla presidenza egiziana, la conferenza durerà tre giorni e affronterà una serie di questioni economiche e fascicoli relativi alle condizioni e al futuro dell'economia del Paese delle piramidi. All’evento prenderono parte ministri, funzionari e rappresentanti di agenzie governative, oltre a economisti ed esperti di vari settori. “I risultati della conferenza economica saranno i pilastri del percorso di riforma economica dell’Egitto”, ha affermato al Sisi, aggiungendo che "la profondità della crisi di cui soffre lo Stato egiziano nell'era moderna richiede misure severe, dure e continue". Il capo dello Stato ha affermato che sono stati spesi 7mila miliardi di sterline egiziane (361 miliardi di euro) per realizzare lo sviluppo, ma questa cifra è molto modesta di fronte ai bisogni dello Stato”, ha sottolineato Sisi, aggiungendo che il governo sta facendo il possibile. Al Sisi ha affermato che gli eventi del 2011 e del 2013 "hanno aggravato ed esacerbato le crisi e quasi distrutto il presente e il futuro dell'Egitto". (segue) (Cae) © Agenzia Nova - Riproduzione riservata
.... il fatto che se ne rende e' gia qualcosa...
gualberto
Charlie don't Surf
ديون مصر تجذب أنظار المستثمرين مجددا مع اقتراب قرض صندوق النقد الدولي | اقتصاد الشرق مع بلومبرغ
بدأ المستثمرون في البحث عن ديون مصر ذات السعر المنخفض لبدء إبرام صفقات، وسط تفاؤل بأن الحصول على قرض من صندوق النقد الدولي قد يساعد الدولة الواقعة في شمال أفريقيا على تجنب التخلف عن السداد. اقتصاد الشرق مع بلومبرغ
www.asharqbusiness.com
fedro10
è la somma che fa il totale...
Egitto: autorità al lavoro per un nuovo indice della valuta nazionale - Agenzia Nova
Egitto: autorità al lavoro per un nuovo indice della valuta nazionale. Leggi tutte le ultime notizie in tempo reale
www.agenzianova.com
demox000
Forumer attivo
www.bloomberg.com
Egypt’s Distressed Debt Lures Buyers as IMF Eases Default Fears
ByNetty Idayu Ismail+Follow
3-4 minutes
Investors have started rummaging through Egypt’s beaten-down debt for bargains amid optimism that a loan from the International Monetary Fund may help the north African nation avoid default.
Egypt’s dollar bonds have gained 5% this week, among the top three emerging-market performers, according to Bloomberg indexes. Credit-default swaps on its debt remain above 1,000 basis points -- a level typically considered distressed.
The prospect of IMF aid, along with a financial boost from oil-rich allies in the Persian Gulf, has eased concerns of a debt crisis as Egypt grapples with the fallout from Russia’s war with Ukraine. The country is symbolic of the malaise gripping poorer nations amid surging inflation and borrowing costs along with slowing global growth.
“A lot of these risks are in the price,” said Mohieddine Kronfol, the Dubai-based chief investment officer for Middle Eastern and North African fixed income at Franklin Templeton. “Egypt can be in a better place in 12 to 18 months.”
Franklin Templeton holds Egypt’s longer-maturity dollar bonds, some of which were quoted below 55 cents on the dollar on Wednesday.
Egypt, a major food importer, turned to international lenders for support after struggling with the impact of spiking commodity prices this year. The country, which previously bought most of its wheat from Ukraine and Russia, has also seen tourism revenues dry up as fewer Russian visitors arrive.
While the current valuations of Egypt’s Eurobonds are attractive, there’s a risk that the size of an IMF deal might disappoint, according to Columbia Threadneedle Investments. Goldman Sachs Group Inc. and Bank of America Corp. have estimated that Egypt may need to secure $15 billion, although Finance Minister Mohamed Maait has said it’s seeking a smaller amount.
“They can muddle through with a smaller IMF program size,” said Gordon G. Bowers, a London-based analyst at Columbia Threadneedle Investments. “But it will be a struggle to build FX reserves and decisively take a potential restructuring off the table over the medium-to-long term.”
Egypt agreed to a three-year IMF program in late 2016 that involved a currency devaluation, sweeping reforms and a $12 billion loan. Those moves helped rekindle investor interest in the economy battered by the 2011 uprising that ousted long-time President Hosni Mubarak and its aftermath.
“Another IMF deal will certainly give renewed impetus to the reform agenda, which is essential for restoring investor confidence and opening the floodgates for loans from other creditors,” said Callee Davis, an economist at Oxford Economics Africa. “It will also give the external position a much-needed boost, but it will not plug Egypt’s huge external financing shortfall, which is estimated at around $40 billion this year.”
Egypt’s Distressed Debt Lures Buyers as IMF Eases Default Fears
ByNetty Idayu Ismail+Follow
3-4 minutes
Investors have started rummaging through Egypt’s beaten-down debt for bargains amid optimism that a loan from the International Monetary Fund may help the north African nation avoid default.
Egypt’s dollar bonds have gained 5% this week, among the top three emerging-market performers, according to Bloomberg indexes. Credit-default swaps on its debt remain above 1,000 basis points -- a level typically considered distressed.
The prospect of IMF aid, along with a financial boost from oil-rich allies in the Persian Gulf, has eased concerns of a debt crisis as Egypt grapples with the fallout from Russia’s war with Ukraine. The country is symbolic of the malaise gripping poorer nations amid surging inflation and borrowing costs along with slowing global growth.
“A lot of these risks are in the price,” said Mohieddine Kronfol, the Dubai-based chief investment officer for Middle Eastern and North African fixed income at Franklin Templeton. “Egypt can be in a better place in 12 to 18 months.”
Franklin Templeton holds Egypt’s longer-maturity dollar bonds, some of which were quoted below 55 cents on the dollar on Wednesday.
Egypt, a major food importer, turned to international lenders for support after struggling with the impact of spiking commodity prices this year. The country, which previously bought most of its wheat from Ukraine and Russia, has also seen tourism revenues dry up as fewer Russian visitors arrive.
While the current valuations of Egypt’s Eurobonds are attractive, there’s a risk that the size of an IMF deal might disappoint, according to Columbia Threadneedle Investments. Goldman Sachs Group Inc. and Bank of America Corp. have estimated that Egypt may need to secure $15 billion, although Finance Minister Mohamed Maait has said it’s seeking a smaller amount.
“They can muddle through with a smaller IMF program size,” said Gordon G. Bowers, a London-based analyst at Columbia Threadneedle Investments. “But it will be a struggle to build FX reserves and decisively take a potential restructuring off the table over the medium-to-long term.”
Egypt agreed to a three-year IMF program in late 2016 that involved a currency devaluation, sweeping reforms and a $12 billion loan. Those moves helped rekindle investor interest in the economy battered by the 2011 uprising that ousted long-time President Hosni Mubarak and its aftermath.
“Another IMF deal will certainly give renewed impetus to the reform agenda, which is essential for restoring investor confidence and opening the floodgates for loans from other creditors,” said Callee Davis, an economist at Oxford Economics Africa. “It will also give the external position a much-needed boost, but it will not plug Egypt’s huge external financing shortfall, which is estimated at around $40 billion this year.”
pietro17elettra
Nonno pensionato
UPDATE 1-Egypt's central bank raises key interest rates by 200 basis points
Oggi 09:20 - RSF
(Adds detail, background)
CAIRO, Oct 27 (Reuters) - Egypt's central bank said on Thursday it had raised interest rates by 200 basis points in an exceptional meeting of its monetary policy committee.
The central bank set the overnight lending rate at 14.25% and the overnight deposit rate at 13.25%.
The war in Ukraine has deepened Egypt's economic woes, boosting the import-reliant nation's bills for wheat and oil while crushed tourism from two of its largest markets, Ukraine and Russia, a key source of hard currency.
In its statement on Thursday the bank said the conflict had "dire economic ramifications" and consequently led Egypt to weather large capital outflows.
Separately, the bank said it would also begin the process of gradually repealing a directive implemented in March mandating the use of letters of credit to finance imports and would aim to remove it entirely by December.
The directive has created a bottleneck for many importers, with data from the country's statistics agency showing a 57% drop in imports of consumer durables between April and June.
The country's pound currency strengthened slightly to 19.65 against the U.S. dollar following the bank's interest rate hike, before weakening again to its opening level of 19.67, data from Refinitiv showed.
(Reporting by Mahmoud Mourad and Nadine Awadalla; editing by Jason Neely)
(([email protected])
Oggi 09:20 - RSF
(Adds detail, background)
CAIRO, Oct 27 (Reuters) - Egypt's central bank said on Thursday it had raised interest rates by 200 basis points in an exceptional meeting of its monetary policy committee.
The central bank set the overnight lending rate at 14.25% and the overnight deposit rate at 13.25%.
The war in Ukraine has deepened Egypt's economic woes, boosting the import-reliant nation's bills for wheat and oil while crushed tourism from two of its largest markets, Ukraine and Russia, a key source of hard currency.
In its statement on Thursday the bank said the conflict had "dire economic ramifications" and consequently led Egypt to weather large capital outflows.
Separately, the bank said it would also begin the process of gradually repealing a directive implemented in March mandating the use of letters of credit to finance imports and would aim to remove it entirely by December.
The directive has created a bottleneck for many importers, with data from the country's statistics agency showing a 57% drop in imports of consumer durables between April and June.
The country's pound currency strengthened slightly to 19.65 against the U.S. dollar following the bank's interest rate hike, before weakening again to its opening level of 19.67, data from Refinitiv showed.
(Reporting by Mahmoud Mourad and Nadine Awadalla; editing by Jason Neely)
(([email protected]
)