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Foreign investments in Egypt’s debt instruments hit $22bn end 2019

Foreign investments in Egypt’s debt instruments hit $22bn end 2019
Ministry of Finance

By: Ahmed Ammar

Cairo – Mubasher: Foreign holdings of the Egyptian public debt instruments amounted to $22 billion at the end of December 2019, the country’s finance minister Mohamed Maait said.

Moreover, government securities to investors accounted for 15% of the country’s gross domestic product (GDP) at the end of last year, compared to 20% a year earlier.

Maait further added that the Ministry of Finance will sign an agreement with the Ministry of Electricity to end financial disputes within days.