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
was original published at “https://www.bloombergquint.com/business/egypt-in-imf-talks-on-possible-funding-as-war-pressures-economy”
