Egypt net foreign reserves rise to $42.611 bln at end-March – c.bank

1/4/2018/Reuters

Egypt’s net foreign reserves rose slightly to $42.611 billion at the end of March from $42.524 billion at the end of February, the central bank said on Monday.

Cairo’s foreign reserves have been climbing since the country secured a $12 billion three-year International Monetary Fund loan programme in 2016 as part of efforts to woo foreign investors and revive its ailing economy.