Published On: March 14th, 2024Categories: Trade Ideas
In this flash report, following the recent improved news flow, we take a closer look at Egypt, where some of our clients hold important sovereign bonds’ exposure. We think that the Egypt’s “bailout”, comprising a $35bn investment deal with UAE and the expanded $8bn IMF loan, represents a game changer for the country. However, authorities should continue to adopt reforms aimed at solidifying the Egyptian economy over the medium-to-long term.
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