FINANCIAL NEWS

Egypt to collect foreign financing of USD9bn next year

23 Mar 2017

(MENAFN) According to Deputy Minister of Finance for Monetary Policies and Institutional Development who proclaimed that the government aims to collect foreign finances at USD9bn next year.

Additionally, the finances are divided into USD3bn from international debt markets and EGP5bn to 6bn amid global financial institutions.

The country collected USD18.5bn since the end of last summer through a package of mutual loans, currency swap deals, loans from multilateral institutions and sale of bonds in global markets.

Furthermore, all financing tools are available so that the government can rely on them, which include samurai bonds, panda bonds and sukuk.

MENAFN2303201700450000ID1095337161

MENAFN2303201700450000ID1095337161

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