[ad_1]
RIYADH: As Egypt’s asset gross sales have been slower than anticipated, the strain on foreign money depreciation will proceed because of a drawdown in international change liquidity, stated Moody’s Buyers Service in its newest notice.
Egypt’s decline in international change liquidity carried on via January and February of 2023 after the nation reversed course on the finish of final 12 months. Consequently, the nation’s debt affordability and debt sustainability profile grew to become extra in danger.
[ad_2]
Source link
