{"id":624267,"date":"2018-09-04T04:15:17","date_gmt":"2018-09-04T04:15:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/"},"modified":"2018-09-04T04:15:17","modified_gmt":"2018-09-04T04:15:17","slug":"finmin-looks-to-pull-the-breaks-on-foreign-borrowing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/","title":{"rendered":"FinMin looks to pull the breaks on foreign borrowing"},"content":{"rendered":"

<\/a> EXCLUSIVE- FinMin looks to pull the brakes on foreign borrowing: <\/strong>The Finance Ministry could set a limit on fresh international borrowing this year in a bid to curb Egypt\u2019s rising foreign debt and bring public debt down to 91% of GDP, a ministry source told Enterprise on Monday. The curb could include a limit on new borrowing from international financial institutions, and details of the limitations are likely to be unveiled in October, when the ministry presents its debt control strategy \u2014 a crucial component of the Finance Ministry\u2019s comprehensive fiscal policyhinted at by Finance Minister Mohamed Maait over the weekend<\/a><\/u>.<\/p>\n

Soaring yields are also driving the decision:<\/strong> Yields climbed to a record high at the ministry's treasury sale on Sunday, the source added without providing additional detail. At play: The global macro climate, particularly the impact on EM of the debt meltdown in Argentina. With that in mind, the new debt control policy could see treasury issuances limited to longer-duration bonds, the source said. The Finance Ministry\u2019s website<\/a><\/u> shows that it canceled a sale of treasuries on Monday, but the CBE\u2019s website<\/a><\/u> showed that EGP 3.5 bn in T-bills were sold.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- FinMin looks to pull the brakes on foreign borrowing: The Finance Ministry could set a limit on fresh international borrowing this year in a bid to curb Egypt\u2019s rising foreign debt and bring public debt down to 91% of GDP, a ministry source told Enterprise on Monday. The curb could include a limit on […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624267","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b5be957b-45c7-48af-b0e7-f3ae5c8f1d76","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[624262],"teaser":"","voice_url":""},"yoast_head":"\nFinMin looks to pull the breaks on foreign borrowing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin looks to pull the breaks on foreign borrowing\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- FinMin looks to pull the brakes on foreign borrowing: The Finance Ministry could set a limit on fresh international borrowing this year in a bid to curb Egypt\u2019s rising foreign debt and bring public debt down to 91% of GDP, a ministry source told Enterprise on Monday. The curb could include a limit on […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-04T04:15:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin looks to pull the breaks on foreign borrowing\",\"datePublished\":\"2018-09-04T04:15:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/\",\"name\":\"FinMin looks to pull the breaks on foreign borrowing - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-09-04T04:15:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FinMin looks to pull the breaks on foreign borrowing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FinMin looks to pull the breaks on foreign borrowing - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/","og_locale":"en_US","og_type":"article","og_title":"FinMin looks to pull the breaks on foreign borrowing","og_description":"EXCLUSIVE- FinMin looks to pull the brakes on foreign borrowing: The Finance Ministry could set a limit on fresh international borrowing this year in a bid to curb Egypt\u2019s rising foreign debt and bring public debt down to 91% of GDP, a ministry source told Enterprise on Monday. The curb could include a limit on […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-09-04T04:15:17+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"FinMin looks to pull the breaks on foreign borrowing","datePublished":"2018-09-04T04:15:17+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/"},"wordCount":204,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/","name":"FinMin looks to pull the breaks on foreign borrowing - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-09-04T04:15:17+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/finmin-looks-to-pull-the-breaks-on-foreign-borrowing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"FinMin looks to pull the breaks on foreign borrowing"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":571722,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/21\/with-fresh-imf-funding-in-place-and-more-to-come-finmin-could-cut-back-on-local-borrowing-to-curb-the-cost-of-servicing-its-debt\/","url_meta":{"origin":624267,"position":0},"title":"With fresh IMF funding in place and more to come, FinMin could cut back on local borrowing to curb the cost of servicing its debt","author":"enterpriseam admin","date":"21 May 2020","format":false,"excerpt":"With fresh IMF funding in place and more to come, FinMin could cut back on local borrowing to curb the cost of servicing its debt: The Finance Ministry could cut down on the number of bids it accepts in EGP-denominated bond sales until the end of FY2019-2020, which wraps on\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604459,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/04\/finmin-looks-to-raise-egypts-average-borrowing-tenor-to-3-5-years\/","url_meta":{"origin":624267,"position":1},"title":"FinMin looks to raise Egypt\u2019s average borrowing tenor to 3.5 years","author":"enterpriseam admin","date":"4 December 2018","format":false,"excerpt":"FinMin looks to raise average borrowing tenor to 3.5 years: The Finance Ministry is looking to extend the average tenor of the state\u2019s debt to 3.5 years from a current average of two or fewer by the end of FY2018-19, Vice Minister of Finance Ahmed Kouchouk said, according to Reuters\u2019\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626773,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/finmin-calls-off-bond-sale-says-offer-prices-were-too-expensive\/","url_meta":{"origin":624267,"position":2},"title":"FinMin calls off bond sale, says offer prices were too expensive","author":"enterpriseam admin","date":"11 July 2018","format":false,"excerpt":"FinMin calls off bond sale, says offer prices were too expensive: The Finance Ministry decided yesterday to cancel two local bond offerings worth a combined EGP 3.5 bnwith three- and eight-year maturities after investors and banks asked for returns as high as 18.5%, Reuters\u2019 Arabic service reports. \u201cThe prices offered\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":671112,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/01\/finmin-ramps-up-borrowing-target-for-september-on-strong-demand\/","url_meta":{"origin":624267,"position":3},"title":"FinMin ramps up borrowing target for September on strong demand","author":"enterpriseam admin","date":"1 September 2025","format":false,"excerpt":"FinMin has upped its monthly borrowing target for September to EGP 838 bn, up from EGP 670 bn in August","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1760.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624313,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/is-debt-control-now-the-most-significant-fiscal-policy-of-the-madbouly-cabinet\/","url_meta":{"origin":624267,"position":4},"title":"Is debt control now the most significant fiscal policy of the Madbouly Cabinet?","author":"enterpriseam admin","date":"5 September 2018","format":false,"excerpt":"** #1 Managing the public debt is now at the top of the Madbouly Cabinet\u2019s fiscal priority list. Finance Minister Mohamed Maait confirmed his ministry plans to set a limit on foreign borrowing, including from major foreign institutions. While he did not reveal specifics, Maait stressed at the opening day\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624371,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/as-the-el-sisi-administration-maneuvers-to-curb-debt-state-owned-banks-pile-up-new-loans\/","url_meta":{"origin":624267,"position":5},"title":"As the El Sisi administration maneuvers to curb debt, state-owned banks pile up new loans","author":"enterpriseam admin","date":"6 September 2018","format":false,"excerpt":"**#3 As the El Sisi administration maneuvers to reduce debt, state-owned banks pile up new foreign-currency loans loans: The National Bank of Egypt (NBE) has signed a USD 600 mn loan agreement with the China Development Bank to \u201cfinance the working capital of NBE customers,\u201d the bank said on Wednesday,according\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=624267"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/624267\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/624262"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=624267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=624267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=624267"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=624267"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=624267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}