Cairo – Mubasher: The Egyptian Ministry of Finance announced a possibility of accepting less bids for treasury bills and bonds denominated in the Egyptian pound until the end of fiscal year 2019/2020.

The ministry affirmed its commitment towards diversifying its financing sources in a bid to reduce the cost of borrowing, according to a statement on Wednesday.

This announcement came as the most populous Arab nation received $2.7 billion in emergency support from the International Monetary Fund (IMF).