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Middle-Income Countries Can Be New Drivers of Regional and International Development

Morocco has called on the Middle-Income Countries to build on their assets in order to be the new drivers of regional and international development in the new world order taking shape. In his opening address made Tuesday at the High-Level Ministerial Conference on Middle-Income Countries, currently in held in Rabat, Moroccan foreign minister Nasser Bourita […]

In Q4 of 2023–2024, Egypt’s State debt decreases by 2.1%

Egypt’s total public debt fell by 2.1 percent in the final quarter of the 2023/2024 fiscal year, according to the Ministry of Finance. By the end of June, the debt had decreased to LE 12.52 trillion from LE 12.78 trillion recorded in March 2024. This reduction was primarily driven by a 2.7 percent decline in […]

EU Disburses €1bn Second-Phase Macro-Financial Support to Egypt Following Reforms

Egypt has received €1 billion in concessional development financing from the European Union, marking the first tranche of the second phase of the EU’s macro-financial assistance (MFA), announced on Thursday by Minister of International Cooperation, Rania Al-Mashat. The disbursement follows the implementation of 16 economic and structural reforms aimed at strengthening macroeconomic stability, improving public […]