World Economy

Egypt Considers $1.5b Bond

Egypt Considers $1.5b BondEgypt Considers $1.5b Bond

Egypt could tap international bond markets to raise up to $1.5b next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said. President Abdel Fattah al-Sisi has started implementing politically sensitive economic reforms such as slashing energy subsidies and raising taxes to narrow the budget deficit.