A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
September 03 to September 09 Coverage:
The net international reserves recorded initially around $44969.1 million at the end of August 2019, according to the CBE.
Mohamed Maait, Minister of Finance, mentioned during the symposium of the Egyptian Canadian Business Council that the allocations required for stimulating exports increased by EGP 2 billion from last year’s budget, to reach EGP 6 billion this year.
According to Moody’s rating, Egypt is still ranked at B2 with a future stable vision, the Ministry of Planning, Monitoring and Administrative Reform Facebook page mentioned.
The trade budget deficit has declined by around 21.9% in June 2019, reaching $3.38 billion, compared to $4.33 billion at the same month a year before, Ahram gate reported citing CAPMAS.
Total investments directed to education has increased by around 20%, reaching EGP 48.1 billion in the current fiscal year (FY) 2019/20 budget plan, according to the Ministry of Planning, Monitoring and Administrative Reform Facebook page.