Egypt’s Debts To IOCs Again On The Rise

...rther investment as it did in the years following the 2011 revolution. Egypt has turned again to the IMF for $8bn, bagging $2.8bn via a rapid financing instrument (RFI) and the initial $2bn of a hastily-arranged $5.2bn Stand-by Arrangement (MEES, 12 June). This saw the country’s foreign reserves ri...