The report emphasized the need to watch for sustained moves toward more FX flexibility, anticipating positive outcomes like increased FX inflows, reserve accumulation, and macroeconomic stabilization.
Egypt is required to pay $29.23 billion in external debt service in 2024
Morgan Stanely suggested that, rather than a free float, Egypt implement a “phased devaluation of the pound in the short term, rather than a complete floatation of the exchange rate”
MSCI categorizes the markets it tracks into three main groups - developed, emerging, and frontier – designed to provide investors with a framework to better understand and compare different markets and evaluate the associated investment risks
