Egypt Upgraded due to Smart Reforms

10/3/2017 - Infographic and chart
ic_blogtagEgyptCountry Risk

​Egypt implemented a series of reforms including a floating exchange rate, reduced subsidies, and fewer capital controls. As a result, the country made a quick comeback to financial markets. The ongoing rebalancing could help improve the business environment, which is already one of the most favorable in the region. Euler Hermes upgraded the country risk rating from D3 to C3, signaling improved medium-term prospects.

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