Egypt's debt instrument market receives $970 mln in investments

These investments in Egypt’s debt instruments reflect the robust rebound of foreign investments in the Egyptian market in 2022, according to the source.

He also noted that Egypt’s economy has proven its ability to overcome the global monetary policy repercussions, which is positive aspect.

In July, the International Monetary Fund (IMF) expected the foreign direct investment (FDI) inflows to jump in Egypt by 60 percent over the coming four years –starting from current FY2021/2022.

Accordingly, FDI inflows to Egypt are projected to hit $8.6 billion during current FY2021/22, which ends in June, up from $5.4 billion recorded in FY2020/21, said IMF.

It also predicted FDI inflows to Egypt to continue its upturn in FY2022/23 to post $11.7 billion before hitting $16.5 billion in FY2024/25.

Egypt’s government, through the Ministry of Finance, adopts a medium-term debt management strategy that centers on reducing debt services, prolonging its period, and improving governmental security in markets to expand the investors' base that will, in turn, provide the required liquidity to support the budget.