Last March, the agency modified its view of the Egyptian economy to “positive,” after it had been “stable,” following the Egyptian government’s decisions to liberalize the exchange rate, raise interest rates, and conclude an agreement with… International Monetary Fund.
These government measures, at the beginning of 2024, contributed to Egypt obtaining a rescue plan worth more than $50 billion in the form of loans and investments, especially from the International Monetary Fund, the World Bank, and the United Arab Emirates.
