Thursday 09, March 2017 by Matthew Amlôt

Fitch: Egypt's rebalancing continues ahead of challenging year

Rising foreign exchange reserves, a return of private capital inflows and currency appreciation point to further progress in Egypt's gradual external rebalancing in early 2017, Fitch Ratings says. Further fiscal consolidation alongside external rebalancing would lay the groundwork for a broader-based improvement in sovereign credit metrics in 2018.

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