IMF officials arrive in Cairo today as the Egyptian government seeks to seal a US$3.2 billion (Dh11.75bn) loan to help to stave off a fiscal crisis.
Stock market investors are betting on a successful outcome to the talks and have pushed the main benchmark up 43 per cent so far this year.
"They need to strike a deal to avert a crisis, and time is not on their side," said Jean-Michel Saliba, an economist at Bank of America Merrill Lynch. "Egypt could manage to hold the fort until June, but if there's any more delay to a deal, the economic situation is likely to get much worse."
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