T-bill foreign investment hit USD500mn sine float, expect 40-50% more FDI, 10% inflation in 2017 - Finance Minister says
Foreign investment in treasuries have reached USD500mn as of 20 November, Minister of Finance, Amr Al Garhy, said on Monday. Egypt is targeting USD8-10bn foreign investments in T-bills in the coming period, which - along with foreign investment in stocks - is set to exceed USD10-12bn reached in 2010, especially amidst high liquidity in global markets, he said. Al Garhy also expects FDI to rise by 40-50% in 2017 and inflation to ease to 10% by 2H17. (Al Mal, Reuters)
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