Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt and the IMF have signed an agreement for $8 billion in financing, increased from the expected $3 billion due to “significant macroeconomic challenges”. Egypt has devalued its currency versus the dollar by about 60 percent and has raised Central Bank interest rates by 6 percent to 28.5 percent --- all somewhat related to the new IMF agreement. The Egyptian pound has changed from 31 to the dollar to close to 50. The Central Bank said that these two actions will help “eliminate foreign exchange backlogs”. Egypt’s consumer price inflation reached 35.7 percent in February, up from 29.8 percent in January. Food prices we...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.