Egypt has officially joined the "JP Morgan" index of government bonds in emerging markets, which gives government bonds confidence in front of investors.
Egyptian Finance Minister Mohamed Maait pointed out that "Egypt officially joined the JPMorgan index of government bonds in emerging markets," adding that "Egypt becomes one of only two countries in the Middle East and Africa to join this index."
Minister Maait expected the entry of 14 issues into Egypt, with a total value of about $26 billion, with a share of 1.85% in the index, which would enable major investment funds and more foreign investors to invest in Egyptian debt instruments in the local currency.
Maait considered that Egypt's accession to the "JP Morgan Index" is a new testimony of foreign investors' confidence in the solidity of the Egyptian economy and its ability to deal flexibly with global challenges. Especially since 90 percent of foreign investors supported Egypt's entry into this index.
Source (Al-Arabiya.net Website, Edited)
