Egypt’s balance of payments sees $10.96bn surplus in 9M – Official

Cairo – Mubasher: The improvement in financial situation has been affirmed by balance of payments’ performance that achieved $10.96 billion surplus in the first nine months of the fiscal year 2017/2018, Ahmed Kouchouk, Egypt’s Vice Minister of Finance for Fiscal Policies and Institutional Reform said.

This improvement also appeared in the country’s budget that saw positive performance in FY2017/2018, Kouchouk added.

The official further noted that foreign investments in securities amounted to $19 billion by the end of May.

Mubasher Contribution Time: 30-Jun-2018 12:05 (GMT)
Mubasher Last Update Time: 30-Jun-2018 12:05 (GMT)