00:00 35 billion dollars from the "Head of Wisdom" deal,
00:03 9 billion dollars from the IMF,
00:07 7 billion dollars from the European Union,
00:11 and 3 billion dollars from the International Bank.
00:14 This is the financial bundle that is coming to Egypt,
00:17 which, as a result of the changes in the future view of the Egyptian economy
00:21 by international institutions, will positively,
00:24 after the Central Bank's decision to compensate its debtors,
00:28 open the door to foreign currency inflows through official channels,
00:32 after a absence that lasted for several months.
00:35 A bundle that Egypt is relying on to end the dollar shortage crisis
00:39 and block the current financial crisis.
00:41 This money, of course, is preferable to the foreign debt reduction
00:48 to Egypt and to invest it in investments
00:52 that require the payments to higher levels or the reduction of the income.
01:01 Because we have to differentiate between financial reform
01:05 that happened in the crisis and between economic reform.
01:09 There must be greater interest and greater direction
01:13 for economic reform itself.
01:16 The release of goods in the treasury and the repayment of the debt
01:19 and the payment of foreign companies' assets,
01:22 the profits of investors and the provision of dollar liquidity in banks
01:25 are the priorities of the Egyptian government for the current stage,
01:28 amid recommendations that work on structural reforms
01:32 to improve the investment environment, attract more foreign investments
01:36 and strengthen foreign currency resources.
01:39 The stability of the exchange rate over the past few days
01:42 and the upcoming period, along with the strengthening of foreign currency
01:45 will pay for the increase in the dollar liquidity
01:49 that will enter the Egyptian economy,
01:51 whether it is through the transfer of foreign money
01:54 that will increase the amount of foreign money
01:57 or the increase in foreign capital,
02:00 or the transfer of foreign money from foreign direct investments
02:03 or from the tourism sector or other sectors
02:05 that may be able to enter the national dollar.
02:07 This is why the government is trying to put an annual limit on the debt ceiling.
02:11 The Central Bank's data show that the total foreign commitments to Egypt
02:15 for 2024 exceed 42 billion dollars.
02:20 These liquidity will help the Egyptian economy to revive
02:23 and cover the financial gap
02:25 with the repayment of the companies' and investors' assets,
02:28 amid recommendations that the government should focus on structural reforms
02:33 to improve the investment environment and attract more foreign investments
02:37 after the exchange rate is analyzed.
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