We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Egypt Unlocks $1.8bn Financing from the IMF
July 31, 2026
– Vandit P
Egypt unlocked ~$1.8bn in financing after the IMF’s executive board completed the seventh review under the Extended Fund Facility program. The review clears $1.5bn for immediate disbursement, while the board separately approved access to an additional $272mn under the Resilience and Sustainability Facility. The IMF noted Egypt faced the fallout from the Middle East war from a stronger macroeconomic position than in prior episodes. Egypt had more than doubled its existing IMF program to $8bn in early 2024. The board’s approval followed its determination that Egypt made sufficient progress on state asset sales, alongside publishing a document outlining future public-ownership plans and amendments to value-added tax rules aimed at boosting revenue. Separately, the European Commission disbursed €1.5bn ($1.73bn) to Egypt this month under a €4bn Macro-Financial Assistance program, releasing the second of three tranches.
Egypt’s 8.7% 2049s were up by 0.5 points to 95, yielding 9.2%
For more details, click here
Go back to Latest bond Market News
Related Posts:
Credit rating boost for Ireland & Portugal: EU inches towards recovery
September 20, 2017
China Refutes S&P Downgrade Action
September 26, 2017
Mongolia’s Credit Ratings Upgraded to B3 by Moody’s
January 19, 2018
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.