{"id":618633,"date":"2024-04-17T00:00:00","date_gmt":"2024-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/17\/the-ft-on-the-return-of-investor-appetite-for-local-debt\/"},"modified":"2024-04-17T00:00:00","modified_gmt":"2024-04-17T00:00:00","slug":"the-ft-on-the-return-of-investor-appetite-for-local-debt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/17\/the-ft-on-the-return-of-investor-appetite-for-local-debt\/","title":{"rendered":"The FT on the return of investor appetite for local debt"},"content":{"rendered":"

\u201cEverybody wants a piece of Egypt now,\u201d <\/strong>Goldman Sachs\u2019 MENA economist Farouk Soussa tells the Financial Times<\/a> in a piece diving into the resurging foreign demand for Egyptian debt following the float of the EGP and the USD bns of funds secured from the Gulf and international partners. <\/p>\n

By the numbers: <\/strong>Foreign investors have poured USD 8.5 bn in \u201chot money flows\u201d into short-term local debt over the past month, according to the salmon-colored paper. <\/p>\n

S<\/strong>ustained reforms is the order of the day:<\/strong> The economic reforms the Madbouly government is currently implementing provide \u201cassurance that Egypt\u2019s going to revert to a more orthodox policy trajectory and that it\u2019s going to roll back some of the excesses that brought us to this place in the first place,\u201d Soussa said. \u201cThere\u2019s now [a chance] \u2026 If it\u2019s wasted, it will be because of a reversion to poor economic policy and policy decisions.\u201d<\/p>\n

ALSO PUTTING EGYPT IN THE NEWS-<\/strong><\/p>\n