Foreign Holdings in Egypt’s Debt Hit Record, Shrugging Off Virus
- Total investment at $28.5 billion, reversing pandemic outflows
- Authorities plan JPMorgan index listing, Euroclear agreement
Photographer: Khaled Desouki/AFP/Getty Images
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Foreign investment in Egyptian debt hit a historic high, completely reversing outflows in 2020 spurred by the coronavirus pandemic.
Overseas holdings of the North African nation’s Treasury bills and bonds reached $28.5 billion at the end of February, according to Mohamed Hegazy, head of the Finance Ministry’s debt management unit.