Egypt has put its economy on the path of recovery by devaluing the pound and undertaking significant economic reforms as part of a $12 billion IMF-backed loan package. AP Photo
Egypt has put its economy on the path of recovery by devaluing the pound and undertaking significant economic reforms as part of a $12 billion IMF-backed loan package. AP Photo

Economy

Fitch upgrades Egypt to B+ on the back of economic reforms

The agency keeps outlook stable but says the state is still under risk from poor governance

Jennifer Gnana
Jennifer Gnana

March 23, 2019