The Central Bank (CBE) Governor briefed President Sisi on an agreement with the Ministry of Finance to tap international debt markets, aiming to shore up foreign currency reserves and maintain monetary policy. No details on the timing or size of the issuance were provided. The Prime Minister had previously announced in February that the government would seek an international bond sale in 2Q16. The government sold Eurobonds for the first time since 2010 in June last year, but a second intended for 4Q15 was delayed due to rising borrowing costs. (Bloomberg)