Minister of Finance Mohamed Maait announced Egypt’s readiness to officially rejoin the JP Morgan Emerging Markets Bond Index by the end of next month. Click here for a quick recap.
More details🧐 Maait stated that Egypt was able to meet JP Morgan’s requirements, which include: extending the duration of government bonds, adjusting the yield curve, & raising foreign investors’ participation in the government’s financial instruments with an increase in the volume of each issuance.
Why is this important🤔 Maait added that Egypt’s inclusion is considered a new testimony of foreign investors’ confidence in the resilience of the Egyptian economy, especially that 90% of foreign investors surveyed were in favor of Egypt rejoining the index.
