Egypt strikes deal for increased funding from global banks

central-bank-of-egypt

The Central Bank of Egypt has struck a new deal to enter into a repurchase transaction with a consortium of global banks, helping to bring in funds to support the country’s reform process.

The deal was originally arranged by HSBC, providing a $2 billion funding package to the central bank in November 2016, a key factor that helped unlock emergency support from the International Monetary Fund. HSBC won Central Banking’s award for innovation in reserve management for the transaction.

The funding

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: