Cairo - Mubasher: The Egyptian minister of finance, Amr El Garhy, said that the additional $3 billion Eurobonds issuance recorded an interest slightly less by 0.55% to 0.85% compared to the one in January.

El Garhy added on the sidelines of an event in the London Stock Exchange (LSE) celebrating Egypt’s return to the international bond market that he has held meetings with a number of managers and representatives from a number of global investment funds.

The minister also said that he discussed with representatives from the World Bank Group the opportunities to enhance financing for the private sector, in order to create more job oppurtinties for the countries youth, and push the competitiveness of the Egyptian Economy.

Amr El Garhy also noted that the recent decline in the trade deficit is due to the increase in exports, lower imports, and the rise in foreign investment inflows in either debt instruments or the Egyptian Exchange (EGX), as well as foreign direct investments (FDI) and foreign exchange reserves.