Egypt will seek to raise between USD5-6bn from international bond sales in 2017, though the first issuance may be delayed due to market ‘volatility’ after the election of Donald Trump, Minister of Finance Amr El-Garhy said. The government is still weighing whether to tap markets next week, El-Garhy said. “We were planning to do it by end of November, but there has been volatility since the election in the United States,” he said. “The window is closing because by the second week of December the markets will be very quiet. So it’s either this or maybe by mid-January.” El-Garhy said authorities seek to gradually lower the inflation rate to 10% by mid-2017 from the current level of 13.6% as investments start to flow and the budget deficit narrows. (Bloomberg)