Egypt to issue eurobonds in Q1 2018

CAIRO – 15 October 2017: Minister of Finance Amr el-Garhy said that the Egyptian government intends to issue eurobonds in the first quarter (Q1) of 2018 in a bid to diversify sources of finance and improve the public debt structure.

Meanwhile, Garhy met with his French counterpart Bruno Le Maire on the sidelines of the International Monetary Fund (IMF) and the World Bank's annual meetings in Washington.

The meeting discussed boosting economic and financial cooperation between the two countries, while El-Garhy expressed his appreciation for the French government's support for the Egyptian economic reform program since 2016.

Le Maire praised the positive developments in Egyptian-French relations and stressed French President Emmanuel Macron's keenness to continue cooperation between Egypt and France in all sectors.