Pre-Trading Thoughts

Fears of a US recession are causing investors to look again at emerging markets, with an intention to increase exposure in the coming 12 months. The African Development Bank (AfDB) has agreed to provide insurance coverage for USD 345 mn of Egypt’s first USD 500 mn CNY-denominated bond issuance. The European Bank for Reconstruction and Development aims to provide EUR 1 billion in financing to the private sector in Egypt in 2023, up from EUR 737 million last year. The New and Renewable En...