Egypt’s Recovery Expected in 2021, 2022: Finance Minister

The transcript discusses Egypt's financial year projections, IMF standby arrangements, and efforts to increase capital inflows. It covers the country's readiness for the JP Morgan Bond Index and the introduction of new debt instruments, including green bonds. The strategy for Eurobonds issuance and market engagement is also highlighted, with a focus on adapting to the COVID-19 impact.

What is the expected growth rate for the financial year 2021-2022?

• 6% to 7%

• 5.5% to 6.5%

• 4% to 5%

• 2.8% to 4%

What was the initial request to the IMF before COVID-19?

• A debt relief

• A loan

• A non-financial agreement

• A financial program

What is required to make the debt euro-clearable?

• Reducing national debt

• Issuing a new currency

• Establishing a new company

• Increasing interest rates

When is the expected timeline for euro-clearable debt to be achieved?

• September to November 2021

• December 2021

• March 2021

• January 2021

What new type of bond did Egypt issue for the first time?

• Municipal bonds

• Corporate bonds

• Green bonds

• Eurobonds

What was the main reason for issuing the green bond?

• To pay off debt

• To increase foreign reserves

• To lead the region in sovereign green bonds

• To raise money

What is the status of the draft law for the new financial instrument 'sukuk'?

• It has been rejected

• It has been approved by the cabinet and is in Parliament

• It is already implemented

• It is still being drafted