Egypt Could Form an SOE Holder Type of Sovereign Fund

Posted on 03/05/2018

A February 2018 international Eurobond sale helped bolster Egypt’s foreign exchange reserves, pushing reserves up US$ 4.3 billion to US$ 42.5 billion, according to the Central Bank of Egypt. The Egyptian government had also scored a US$ 12 billion loan agreement with the International Monetary Fund (IMF) much earlier to help alleviate a U.S. dollar […]

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