Cairo – Mubasher: Foreign investors’ purchases of Egypt’s treasury bills and bonds reached $900 million in January, the finance minister Mohamed Maait stated on Tuesday.
The average yield on T-bonds hit 18.5% from July until December, while the average yield on T-bills reached 19.5% during the same period, deputy finance minister Ahmed Kouchouk commented.
Kouchouk revealed that Egypt’s due foreign debt recorded $10.5 billion during the current fiscal year.
The North African country’s finance ministry maintained earlier that the International Monetary Fund (IMF) was planning to conduct the final review of the $12 billion loan programme in June.
