(Bloomberg) Egypt’s biggest lenders including Commercial International Bank SAE and Banque Misr suspended the use of local-currency debit cards abroad, as the cash-strapped North African nation races to stop a drain on foreign exchange.Most Read from BloombergIsrael Latest: Top US General Warns Iran to Stay Out of ConflictSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingA Fractured Israel Unites Around a Singular Goal: Crush the EnemyBank of America’s Wrong-Way Rate Bet Hurts Moynih
Ghana, the recipient of a $3 billion IMF support package, is currently undergoing its first program review, set to conclude in November, the IMF Managing Director Kristalina Georgieva has said.
(Bloomberg) Egypt will “bleed” precious reserves unless it devalues its currency again, the managing director of the International Monetary Fund said, as she praised other steps her institution’s second-largest borrower has taken to right its stricken economy.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysThe Moral Case for No Longer Engaging With Elon Musk’s XOnly an Equities Crash Can Rescue the Bond
(Bloomberg) Egypt will “bleed” precious reserves unless it devalues its currency again, the managing director of the International Monetary Fund said, as she praised other steps her institution’s second-largest borrower has taken to right its stricken economy.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-P
(Bloomberg) Egypt will “bleed” precious reserves unless it devalues its currency again, the managing director of the International Monetary Fund said, as she praised other steps her institution’s second-largest borrower has taken to right its stricken economy.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XFake Mansions and Rent-Stabilized Units Emerge in Trump TrialBlackstone’s Billion-Dollar Bet on Hollyw