Middle East & North Africa Economics

Middle East Economics Weekly

6 September, 2018

Egypt sends mixed signals, Bahrain gets breathing room

Egypt’s finance minister stated this week that the government will continue to prioritise bringing down its high debt-to-GDP ratio, but recent developments have raised fresh concerns that the appetite for fiscal consolidation may be waning. Meanwhile, Bahrain’s privately-placed FX sovereign bond sale this week highlights that fresh international bond sales are off the cards until financing from the rest of the Gulf is secured.

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