Egypt to Start Eurobonds Sale Process as IMF Begins Visit

  • Egypt hopes to secure first IMF payment in about 2 months
  • IMF delegation expected to arrive in Egypt on July 30

Egypt will approach investment banks next week for a potential Eurobond sale, a senior official said, part of the government’s efforts to shore up reserves and finance an economic program that will mainly rely on a $12 billion loan from the International Monetary Fund.

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