More Details The loan has a three-year duration, & will be used for the general financing purposes of the bank. This loan comes right after Banque Misr obtained a $1 billion loan a few months ago.
Why is this Important Banque Misr’s return to the global debt markets coincides with the Egyptian net foreign assets recording about negative $7 billion in November 2021.
Net Foreign Assets Net foreign assets (NFA) determine whether a country is a creditor or debtor by measuring the difference in its external assets and liabilities.
