I wonder what is the secret of the government’s request to pump new indirect investments into the arteries of the Egyptian economy, and what is the story of the 15 billion pounds that are supposed to be pumped as financing in the coming days, and what are the goals of this step.. We will tell you all the details in this video.
In recent days, the government’s targets for funding applications increased for the second week in a row by 15 billion pounds, which is equivalent to 302.3 million dollars.
This step comes as part of the measures to pump new indirect investments into the arteries of the Egyptian economy.
Therefore, a government report issued by the Ministry of Finance revealed that the state treasury is planning to attract financial institutions and banks during the current week to obtain financing, bringing the total growth rates of financial facility requests in two weeks to 17 billion pounds.
According to a report issued by the Domestic Debt Management Unit of the Ministry of Finance: The government is ready to obtain financing to fulfill its pledges to the public treasury during this week, and the Ministry of Finance aims to obtain financing worth an estimated 150 billion pounds, equivalent to 3.023 billion dollars, compared to what it was last week, and this is after it reached 135 billion pounds, equivalent to 2.8 billion pounds. Billion dollars.
The reports said that the government’s goals for securing these funds will come through borrowing through local debt instruments represented in Egyptian treasury bills and bonds through 3 periodic tenders this week. Therefore, the Ministry of Finance, as the party requesting financing, coordinated with the Central Bank of Egypt, in order to carry out the task of obtaining arrangements. On the agreed upon and targeted financial amounts from local and international financial institutions and entities as well as investors.
The plans included offering treasury bills with a total value estimated at about 142 billion pounds, an increase of 20 billion pounds over last week, in addition to Egyptian treasury bonds worth 8 billion pounds.
This means that it is planned to offer local debt instruments, including treasury bonds and bills, during Sunday, Monday, and Thursday of the current week.
That is why the distributions for the offering of treasury bills came during Sunday and Thursday, and include the offering of maturities of 91 and 273 days today, Sunday, with a value of 72 billion pounds, and maturities of 182 and 364 days, with a value of 62 billion, during next Thursday.
The offerings of treasury entitlements with a fixed and variable return amounted to 13 billion pounds next Monday, and include the offering of a 3-year treasury entitlement with a fixed return worth 6 billion pounds and a 3-year maturity with a variable return worth 2 billion pounds.
