Egyptian debt demand increases following $55 billion bailout and investment package.

Q: How long will it take to read this news story?

The story " Egyptian debt demand increases following $55 billion bailout and investment package." has 930 words across 32 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story " Egyptian debt demand increases following $55 billion bailout and investment package." was covered 1 months ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 6 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #20699018</li><li>URL: https://beamstart.com/news/demand-for-egyptian-debt-surges-17132412262675</li></ul>

Financial Times 1 mo ago

Egyptian debt demand increases following $55 billion bailout and investment package. - Financial Times

Quick Summary:

Europe is also terrified of a migration crisis,” said Riccardo Fabiani, north Africa director of the International Crisis Group.“When they say Egypt is too big to fail, this is true.

Critics say this has helped drive up debt and produced little in terms of exports and foreign currency revenues, although Sisi has defended the spending as necessary to create millions of jobs.

Egypt, the second largest debtor to the IMF after Argentina, has taken multiple loans from the fund since 2016, while repeatedly baulking at implementing difficult reforms including floating its currency.