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Analysis > Markets

Egypt: a new Investment era?

Sébastien Hénin, Head of Asset Management, The National Investor (TNI)
Oct. 6, 2016, midnight

Word count: 1074

Egypt and the International Monetary Fund (IMF) signed a preliminary agreement on a $12bn 3-year loan facility on August 11. If approved, the loan will support government reforms, which are required to support the Egyptian economy. The reduction of the public deficit that is above 12%, adjustment of the Egyptian market and foreign reserves’ increase, which have reached a critical level - are short term milestones.

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