Egypt’s BoP’s $4.1 billion surplus in first 9M of FY23/24 reflects economic resilience, despite current account deficit falls

Tue, 09 Jul 2024 - 01:23 GMT

The $4.1 billion surplus recorded during the July 2023 – March 2024 period was bolstered by strong capital inflows, which included Foreign Direct Investment (FDI) soaring to $23.7 billion, a three-fold increase from the previous year's $7.9 billion

CBE: BOP surplus hit $ 227.3M in Q1 of FY 2019/2020

Thu, 26 Dec 2019 - 12:01 GMT

The current account deficit narrowed by $ 629.8 million to $ 1.4 billion (compared to $ 2.0 billion), mainly due to the decline in the non-oil trade deficit and the increase in current transfers.

Egypt's current account deficit narrows sharply to $6B in 2017/18

Tue, 02 Oct 2018 - 09:26 GMT

The central bank attributed the drop in the deficit to the impact of currency liberalisation. Egypt let its pound float in late 2016 as part of an IMF-backed economic reform programme.