Egypt attracts $9.8B foreign investment in debt instruments

CAIRO – 2 July 2017: Egypt attracted $9.8 billion of foreign investment in domestic debt instruments in the 2016-2017 fiscal year compared to $1.1 billion the previous year, Deputy Finance Minister Ahmed Kouchouk said on Sunday.

Appetite for Egypt's domestic debt has increased since the central bank floated the currency in November as part of an International Monetary Fund lending program aiming to revive the economy.