The world’s largest wheat importer, Egypt, will face “reduced tourism inflows, higher food prices and greater financing problems,” Fitch Ratings said this week. Russians and Ukrainians previously made up about a third of all tourists arriving, while the war also “exacerbates Egypt’s vulnerability to the outflow of non-resident investment from the local currency bond market,” it said.

This post Egypt in IMF talks over potential financing as war puts pressure on economy

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