With the government committed to safeguarding the pound and foreign funding yet to materialise, Egypt looks set to turn to its expatriates to raise debt finance. But while this would help capital inflows to Egypt, the overall benefit to the balance of payments could be offset by a reduction in remittances and a deterioration in the current account.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services