FINANCIAL NEWS

Egypt to offer global bonds worth USD4bn next fiscal year

12 Apr 2017

(MENAFN) The government of Egypt plans to provide international bonds worth USD3-4bn in the coming financial year, while in Jan it offered a package of global bonds worth USD4bn.

Meanwhile, the Ministry of Finance aims to pump a Sukuk package worth more than USD1bn on the international market in the coming year.

In addition, the government is working to use non-traditional financing alternatives to fund main national projects.

The country is achieving unsatisfactory growth rates that are not equal with the population growth and unemployment rates.

MENAFN1204201700450000ID1095386983

MENAFN1204201700450000ID1095386983

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