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Thursday, 27 September 2018

What we’re tracking this week and beyond

The African Development Bank (AfDB) will reportedly disburse the third and final USD 500 mn tranche of a USD 1.5 bn loan to Egypt “within days.”

The 2018 Narrative PR Summit will take place at the Four Seasons Nile Plaza on Sunday, 28 October with participants including friends ranging from the World Bank’s Mahmoud Mohieldin to US embassy spokesman Sam Werberg. The event’s website is here and its Facebook page here.

The Egyptian-Sudanese ministerial committee will meet at the end of this month ahead of a presidential summit set to be held in Khartoum in October.

The Egypt-Romania business council will meet in Bucharest from 7-11 October, according to Al Mal.

Fourth IMF review scheduled for mid-October: An IMF delegation is due in town mid-October for a review of Egypt’s progress on its reform program ahead of the disbursal of the fifth USD 2 bn tranche of the country’s extended fund facility, Finance Minister Mohamed Maait said yesterday, Al Mal reports. The IMF should complete its review by the following month, Maait said. Egypt has already received USD 8 bn out of USD 12 bn agreed on with the IMF last year.

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