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Crisis will cut profits, add risks for Turkish banks

Location:

TURKEY

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…

Tunisian president will leverage migration pressure

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TUNISIA

A rising number of Tunisians and sub-Saharan migrants are departing from Tunisia in often fatal attempts to reach Europe. Improved weather conditions worsen the situation, while…

Egypt's debt obligations will climb further

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EGYPT

Egypt is set to acquire another IMF loan to deal with the impacts of rising US interest rates and the Ukraine conflict

Military will obstruct economic reforms in Egypt

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EGYPT

These include publishing a strategy document on changing the state's role in the economy and placing the assets of five companies, two of them owned by the military, with the…

Egypt's budget sets ambitious revenue targets

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EGYPT

The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…

Egypt’s elections will postpone economic reforms

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EGYPT

EGYPT: Elections will postpone economic reforms

Egypt will face multiple risks in 2024

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PROSPECTS 2024

This will make for a challenging start of President Abdel-Fattah el-Sisi’s third term, after he is inevitably re-elected in December this year. Meanwhile, the government will also…

Tunisia will walk a financial tightrope

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TUNISIA

The president has repeatedly rejected the idea of resuming negotiations with the international lender. Instead, he aims gradually to reduce dependence on external financing from…

New Egyptian central bank chief faces currency crisis

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EGYPT

The previous governor, Tarek Amer, departed on August 17 after seven years in post. Though credited with the flotation of the Egyptian pound in 2016, he often attracted criticism…

IMF will worry about Cairo's debt burden later

Location:

EGYPT

The review will take into account the effects of measures taken thus far, in particular the flotation of the Egyptian pound, and will assess the government’s budget for the…