Tag: Egypt

Assessment: Egypt faces sharp rise in fees to finance proposed $30 billion deficit

Christina Lobo

A guy walks earlier a forex trade issue, demonstrating an image of the U.S. greenback in Cairo, Egypt, March 22, 2022. REUTERS/Mohamed Abd El Ghany

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  • Egypt faces $16 bln in international personal debt servicing in 2022/23
  • Overseas personal debt payments incorporate $2 bln to IMF
  • Egypt 2032 Eurobond investing at 75 cents on the greenback
  • Fascination payments will be equal to 45% of point out earnings

CAIRO, May well 16 (Reuters) – Better fascination fees, a weak currency and broader trader wariness of rising marketplaces propose Egypt could pay back

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