Egitto 6.875% 30.04.2040 ISIN XS0505478684

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Egitto: debito estero in calo del 5 per cento nel quarto trimestre​

Il Cairo, 15 ott 15:24 - (Agenzia Nova)- Il debito estero dell'Egitto è diminuito del 5 per cento nel quarto trimestre dell'anno fiscale 2023/2024, concluso il 30 giugno scorso, passando da 160,60 miliardi di dollari del terzo trimestre a 152,88 miliardi di dollari. È quanto emerge dai dati diffusi oggi dalla Banca centrale d'Egitto (Bce). Prosegue, quindi, la diminuzione del debito estero che a dicembre 2023 era di 168,034 miliardi di dollari. Secondo un rapporto pubblicato dalla Bce il 14 ottobre, il debito estero a lungo termine è sceso a 126,8 miliardi di dollari a fine giugno, rispetto ai 138,551 miliardi di dollari di fine dicembre 2023, mentre il debito a breve termine si è attestato a 26,24 miliardi di dollari, rispetto ai 29,482 miliardi di dollari. La quota del governo nel debito estero è del 52 per cento, pari a 80,17 miliardi di dollari, di cui 27,69 miliardi di dollari di obbligazioni e 51,39 miliardi di dollari di prestiti. La Banca centrale d'Egitto detiene il 23 per cento del debito estero, pari a 34,66 miliardi di dollari, mentre le banche egiziane il 13,5 per cento del debito, pari a 20,67 miliardi di dollari. Il debito pubblico totale dell'Egitto è diminuito di circa il 7 per cento nell'esercizio finanziario 2023/2024, attestandosi all'89 per cento del Pil, rispetto al 95,70 per cento dell'esercizio finanziario 2023/2022. Il governo mira a ridurre il rapporto debito estero/Pil a circa l'88 per cento entro l'anno finanziario 2024/2025. Secondo i dati dell'Agenzia di statistica (Capmas), il deficit commerciale dell'Egitto è aumentato del 18,3 per cento su base annua a luglio, raggiungendo i 4,6 miliardi di dollari. (Cae)
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US Edition


Economics

IMF Open to Egypt Deal Changes But Sees $8 Billion Loan Enough​

  • Egypt says a review of targets, timetables may be needed
  • Fund chief Georgieva to visit Cairo for talks in about 10 days

Kristalina Georgieva
Photographer: Ting Shen/Bloomberg

In this Article​

International Monetary Fund
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By Mirette Magdy and Eric Martin
24 ottobre 2024 at 15:08 CEST
Updated on
24 ottobre 2024 at 20:22 CEST





The International Monetary Fund’s chief will travel to Egypt for talks on an $8 billion program that Cairo has said is becoming harder to enact with the Middle East in turmoil, although the lender signaled it likely won’t increase the size of the loan.
“We have been very open to adjust the Egyptian program or any other program to what is best to serve the people,” Managing Director Kristalina Georgieva told reporters in Washington on Thursday. She’ll visit in about 10 days, she said at the IMF and World Bank’s annual meetings.

The pact, which was expanded from $3 billion in March, is a cornerstone of a vast global bailout for Egypt’s troubled economy, albeit one dwarfed by a $35 billion investment from the United Arab Emirates.
With further inflows due from the World Bank, European Union and others, the IMF sees its current financing as “still appropriate,” according to Jihad Azour, director for the Middle East.
Georgieva’s planned trip speaks to the challenges Egypt is still facing as it tries to emerge from a grueling two-year crisis that saw four currency devaluations and record-high inflation.
While the eruption of the Israel-Hamas war last October prompted a surge in economic support to shore up a nation seen as a crucial Mideast powerbroker, the government says it’s struggling to escape the shockwaves of a year of every-widening conflict.

‘Unprecedented’ events​

Prime Minister Mostafa Madbouly on Wednesday lamented the impact of “unprecedented” regional events on Egypt’s economy. He singled out a decline in Suez Canal revenue caused by maritime attacks by the Yemen-based Houthi militants in the Red Sea.
On Sunday, President Abdel-Fattah El-Sisi said the IMF deal was being implemented under “extremely difficult regional, international and global circumstances” and a review may be needed if economic pressures place an extreme burden on Egypt’s 106 million-plus population.

Read more: Egypt Working With IMF to Review Program Targets, PM Says
The North African nation’s government has cut subsidies on fuel, electricity and bread in recent months as part of an IMF-backed drive to trim spending. That’s caused inflation, which had been slowing from last year’s record high, to accelerate anew for the past two months.
A key issue for discussion during the IMF chief’s trip will be ensuring Egypt has sufficient social protection plans in place, the fund’s Azour said Thursday in a separate press briefing.
“Whenever you introduce those kind of fiscal measures, you need to protect the most vulnerable,” he said. The IMF team will look at “what needs to be done to improve the outreach of the the social program.”
Preserving a flexible exchange rate for the Egyptian pound is also “very important” to reduce the impact of external shocks and give “more predictability in terms of capital flows,” Azour said. The currency lost almost 40% of its value when authorities enacted the latest devaluation in March.
Read more: Egypt Unlocks $8 Billion IMF Loan to Ease Crisis With FX Float
While signaling the IMF is willing to consider some alterations to the program, Georgieva said Cairo needs to keep pressing ahead with the broader initiatives.
“Egypt is better served by undertaking reforms sooner rather than later,” she said. “We are not going to do our job for the country and for the people of the country if we pretend that action that needs to be taken can be forgone.”

— With assistance from Srinivasan Sivabalan
 
demox000 ha scritto:
US Edition


Economics

IMF Open to Egypt Deal Changes But Sees $8 Billion Loan Enough​

  • Egypt says a review of targets, timetables may be needed
  • Fund chief Georgieva to visit Cairo for talks in about 10 days

Kristalina Georgieva
Photographer: Ting Shen/Bloomberg

In this Article​

International Monetary Fund
--

Follow
World Bank Group/The
--

Follow
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
By Mirette Magdy and Eric Martin
24 ottobre 2024 at 15:08 CEST
Updated on
24 ottobre 2024 at 20:22 CEST





The International Monetary Fund’s chief will travel to Egypt for talks on an $8 billion program that Cairo has said is becoming harder to enact with the Middle East in turmoil, although the lender signaled it likely won’t increase the size of the loan.
“We have been very open to adjust the Egyptian program or any other program to what is best to serve the people,” Managing Director Kristalina Georgieva told reporters in Washington on Thursday. She’ll visit in about 10 days, she said at the IMF and World Bank’s annual meetings.

The pact, which was expanded from $3 billion in March, is a cornerstone of a vast global bailout for Egypt’s troubled economy, albeit one dwarfed by a $35 billion investment from the United Arab Emirates.
With further inflows due from the World Bank, European Union and others, the IMF sees its current financing as “still appropriate,” according to Jihad Azour, director for the Middle East.
Georgieva’s planned trip speaks to the challenges Egypt is still facing as it tries to emerge from a grueling two-year crisis that saw four currency devaluations and record-high inflation.
While the eruption of the Israel-Hamas war last October prompted a surge in economic support to shore up a nation seen as a crucial Mideast powerbroker, the government says it’s struggling to escape the shockwaves of a year of every-widening conflict.

‘Unprecedented’ events​

Prime Minister Mostafa Madbouly on Wednesday lamented the impact of “unprecedented” regional events on Egypt’s economy. He singled out a decline in Suez Canal revenue caused by maritime attacks by the Yemen-based Houthi militants in the Red Sea.
On Sunday, President Abdel-Fattah El-Sisi said the IMF deal was being implemented under “extremely difficult regional, international and global circumstances” and a review may be needed if economic pressures place an extreme burden on Egypt’s 106 million-plus population.

Read more: Egypt Working With IMF to Review Program Targets, PM Says
The North African nation’s government has cut subsidies on fuel, electricity and bread in recent months as part of an IMF-backed drive to trim spending. That’s caused inflation, which had been slowing from last year’s record high, to accelerate anew for the past two months.
A key issue for discussion during the IMF chief’s trip will be ensuring Egypt has sufficient social protection plans in place, the fund’s Azour said Thursday in a separate press briefing.
“Whenever you introduce those kind of fiscal measures, you need to protect the most vulnerable,” he said. The IMF team will look at “what needs to be done to improve the outreach of the the social program.”
Preserving a flexible exchange rate for the Egyptian pound is also “very important” to reduce the impact of external shocks and give “more predictability in terms of capital flows,” Azour said. The currency lost almost 40% of its value when authorities enacted the latest devaluation in March.
Read more: Egypt Unlocks $8 Billion IMF Loan to Ease Crisis With FX Float
While signaling the IMF is willing to consider some alterations to the program, Georgieva said Cairo needs to keep pressing ahead with the broader initiatives.
“Egypt is better served by undertaking reforms sooner rather than later,” she said. “We are not going to do our job for the country and for the people of the country if we pretend that action that needs to be taken can be forgone.”

— With assistance from Srinivasan Sivabalan
Clicca per allargare...

....comunque e' debito che si aggiunge e con il peggiore dei creditori in assoluto.
 
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