IIF: Egypt historic Ras El-Hekma deal brings valuable cash inflows to achieve macroeconomic stability

Insitute of International Finance, IIF, stated that Egypt historic Ras El-Hekma deal will bring in $35bn of immediate financing within the next couple of months The cash windfall will help cover Egypt’s external financing needs over the next few years and, combined with a potential expanded IMF program, can boost gross reserves to over $50bn (8 months of imports), while the scale and speed of in