The IMF flags Egypt’s financing needs as a key risk, even as the review clears USD 1.8 bn

Egypt’s financing needs remain a key vulnerability despite its improving macroeconomic position earlier this month

The government is trying to reduce refinancing risks:

Banks remain resilient, but their sovereign exposure is high:

The Egyptian General Petroleum Corporation (EGPC) remains another fiscal risk.

More assets are heading to market:

The long-awaited IPO

The government has reached the final stretch in its plans to debut a 20% stake in Misr Life Ins. on the EGX competitive tender

Investors are already here:

One of six: an unnamed government official

Taxing freezone backdoors

The government is targeting a flat tax of up to 4% on goods sold into the domestic market from freezones via new legislation

To cover the initial revenue gap, the government introduced alternative measures in its second tax package

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