The funds, which are 100% of the quota, will be made available for Egypt to address the economic impacts of the ongoing coronavirus (COVID-19) pandemic.
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Institute projects economic contraction in emerging markets this year, with global GDP growth of -2.8%
Egypt likely to see significant drops in Suez Canal transit revenue, trade, FDI, tourism flows, and remittances
IIF maintains expectations for recovery in 2H 2020
Notably, China’s share of inbound FDI rose steadily from 5.4% in 2013 to 10.5% in 2017.
“We expect growth in US crude oil production to decelerate from 1.6m bpd in 2018 to 1.3m bpd in 2019, 0.9m bpd in 2020,” says IIF
Equity, debt inflows reach $8bn, $18bn, respectively
Institute advised Egyptian government to focus on essential challenges that still remain unaddressed