Egypt Will Take All Bailout Funds Available

Egypt’s finance minister refused to rule out requesting further international aid, admitting the country was unable to be “totally self-sufficient.”

His comments come as Egyptians vote on a new constitution that will set the stage for parliamentary and presidential elections later this year.

“The Egyptian economy can benefit from the all the stimulus it can get,” Ahmed Galal, who was appointed minister of finance in July 2013, told CNBC.

CNBC

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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu