A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

Coverage from November 8 to November 14:

The Central Bank of Egypt (CBE) announced the annual headline inflation rate recorded 6.3% in October 2021 compared to 6.6% in September 2021.

Egyptian exports to France have increased by 43.8% to over $355 million during H1 2021, compared to $247 million during the same period in 2020, the Central Agency for Mobilization and Statistics (CAPMAS) reported.

The trade exchange volume between Egypt and France increased by 6.7% to $1.24 billion during H1 2021, versus $1.16 billion during the same period in 2020, CAPMAS disclosed.

Total Egyptian exports have improved during the fiscal year (FY) 2020/21 recording an increase by 18.2% to $34.4 billion from $29.1 billion that have reached in FY 2019/20, the Cabinet revealed. 

Saudi Arabia, UAE and the US were Egypt’s three biggest importers in FY 2020/21, recording imports worth $2.2 billion, $2.07 billion and $2.02 billion respectively, according to the Cabinet. 

The development cooperation portfolio between Egypt and the African Development Bank (AFDB) amounts to $6.7 billion to finance more than 107 projects, the Ministry of International Cooperation (MOIC) said. 

The development cooperation portfolio between Egypt and the International Finance Corporation (IFC) amounted to $1.26 billion, dedicated to investments across several sectors, the MOIC stated.

Egypt was noted to be largest country of operations in the Southern and Eastern Mediterranean (SEMED) region for the European Bank for Reconstruction and Development (ERBD) in 2o20, accounting for more than EUR 1 billion to finance 21 projects, the MOIC said. 

The EBRD stated that it will provide a loan of up to $100 million to Banque Misr to finance local small and medium enterprises (SMEs) working on green projects.