The governor of the Central Bank of Egypt (CBE) Tarek Amer on Thursday said that foreign investments in Egypt’s securities reached $18 billion, according to Middle East News Agency.
Amer remarked from Washington that Egypt’s economic reform programme has succeeded, achieving powerful results that exceeded all expectations.
A number of international institutions have requested more than $26 billion of international bonds issued by Egypt, he added.
The CBE’s governor further noted that Egypt has obtained the approval of international entities to lend more than $20 billion, adding that inflows from Egypt stood at about $35 billion.
In November, the IMF approved a $12-billion three-year loan program to Egypt, under which the country received the first and second instalments of $2.75 billion and $1.25 billion, respectively, of $4 billion loan tranche.