Egypt combines austerity with extended food import support until 2027 to offset rising energy costs - Dailynewsegypt

Egypt combines austerity with extended food import support until 2027 to offset rising energy costs - Dailynewsegypt

Egypt has announced a suite of austerity measures and extended import facilities for basic food staples until March 2027, as the government moves to insulate the economy from surging global energy prices and regional military developments. The Central Bank of Egypt (CBE) on Tuesday extended an exemption for rice, beans, and lentils from the 100% cash cover requirement for trade imports. The waiver, now effective until March 15, 2027, is intended…