An Egyptian plan to sell certificates of deposit (CDs) - a form of debt - to its citizens living abroad to finance its deficit has been delayed because of technical problems over their issue in a single Gulf country, a minister said on Wednesday.
It also plans to sell parcels of land to its citizens abroad and dollar-denominated Islamic sukuk bonds to foreign institutions to help plug an external financing shortage estimated at $11 billion over the next 18 months...............................................Full Article: Source
|