Cairo (UNNA) - Egyptian Minister of Finance, Dr. Mohamed Moait, announced Egypt's official accession to the G-Index. with me. Morgan Government Bonds in Emerging Markets, as of today, Monday, expecting Egypt to issue 14 issues with a total value of about $26 billion, with a rate of 1.85% in the index, enabling major investment funds and foreign investors to invest in Egyptian debt instruments in the local currency. The minister said, in a statement issued by the Egyptian Ministry of Finance today, that Egypt's accession to the G index. with me . Morgan, is a new testimony of confidence from foreign investors in the solidity of the Egyptian economy, and its ability to deal flexibly with global challenges. The statement indicated that the Ministry of Finance began, about three years ago, seeking to rejoin Egypt to the G-index. with me. Morgan after it got out of it in June 2011, as Egypt was able to fulfill the bank’s requirements for return, including: extending the life of government debt, adjusting the yield curve, and raising the percentage of foreign investors’ participation in government financial instruments with an increase in the volume of each issuance. (I finish)
one minute
