Soft Launch
 
Egypt’s budget transparency score jumped to reach 41 points for the first time in six years 30/01/2018
Egypt ranked the 65th among 115 countries included in the Open Budget Survey bi-annually produced by the International Budget Partnership (IBP), compared to the 89th rank among 102 countries in 2015. This rank means that Egypt exceed the MENA regional average of 18 by 23 notches.

On the sidelines of Egypt Day Conference, Finance Minister holds meeting with EFG-Hermes investors to demonstrate Success indicators of reform program 22/01/2018
Finance Minister, Mr. Amr Al-Garhy, held a meeting with delegates of EFG-Hermes group taking part in the second annual running of "EFG-Hermes Egypt Day Conference ". The meeting aimed at building strong relations with different corporations and investment firms and enhancing mutual cooperation among them in all disciplines.

Fitch Revises Egypt's Outlook to "Positive" 17/01/2018
Fitch Ratings has revised the outlook on Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at 'B', according to a report released on 16 January.

Issuance of paper government checks is prohibited to be done by special accounts and funds, and financial dues shall be only electronically paid 16/01/2018
The Ministry of Finance has issued a periodical letter, in late 2017, on the accounting treatment of special accounts and funds. It stresses the necessity of speeding the application of final ban on issuance of government paper checks to all special funds and accounts and limiting the payment of financial dues required by these authorities to be done by issuing electronic payment orders through the electronic payment and collection system only.

International community hails the success of Luxor conference held by WCO Policy Commission 07/12/2017
Last Wednesday marked the end of the 78th round of the World Customs Organization Policy Commission’s (WCO PC) conference held at Luxor.

Ministry of Finance is planning to offer coins of 100 million EGP to meet the market needs in the coming period 25/09/2017
Ministry of Finance is preparing to offer amounts of auxiliary coins in markets, its worth exceeds 100 million EGP: 80 million coins of the pound-denominated category, other 40 million coins of the 50 piaster-denominated category and 10 million coins of the 25 piaster-denominated category, doubling the offered in the last fiscal year in order to facilitate coin access for the citizens and different shops that need the small change. A tender was offered to provide such amount of coins in the coming period.

A plan is set to proceed on developing and automating the Public Archiving House (PAH) to safeguard Egypt's economic & social legacy 24/09/2017
Within the framework of the Ministry of Finance's plan to upgrade its affiliated entities and the PAH in particular, Finance Minister Mr. Amr Al-Garhy announced that a central compound linked to the PAH is currently studied to be established at the financial district in the New Administrative Capital.

Finance Minister, Mr. Amr Al-Garhy, Announces Regulations of the New State General Budget 2017/18 27/08/2017
Finance Minister, Mr. Amr Al-Garhy, announced that the general regulations of the new State general budget law 2017/18, ratified recently by President Al-Sisi, grant finance minister the right to use general reserves allocated in the State budget in encountering national necessities, emergencies or other obligations and expenses which were not considered in the preparation of the new budget draft, all as per criteria set by the Cabinet of Ministers.

Review of Moody's Credit Rating Visit to Egypt 20/08/2017
Moody's Credit Rating Agency lately sent a mission to Egypt over 7 to 9 August 2017 in light of its annual creditability rating review of the Egyptian economy.

Fitch: Egypt's Budget, Energy Price Rises Show Fiscal Commitment 12/07/2017
Fitch Ratings-Hong Kong/London-12 July 2017: Egypt's new budget and lower electricity and fuel subsidies demonstrate a continued commitment to fiscal consolidation and economic reform, backed by the country's IMF programme, Fitch Ratings says. Narrowing the fiscal deficit supports Egypt's sovereign credit profile, but significantly reducing the public debt ratio is a multi-year task.

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