How lower American interest rates will boost Africa
One of the world’s worst-named financial instruments is newly relevant
Egypt is gearing up to return to international debt markets for the first time in three years. Last week Ahmed Kouchouk, the country’s finance minister, is reported to have told investors that his government is hoping to raise around $3bn in external debt over the coming months. Much of this borrowing will take the form of so-called Eurobonds, one of the world’s worst-named financial instruments.
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This article appeared in the Finance & economics section of the print edition under the headline “Africa rising”
Finance & economics September 28th 2024
- Governments are bigger than ever. They are also more useless
- China’s central bank tries to save the economy—and the stockmarket
- How lower American interest rates will boost Africa
- Can Israel’s economy survive an all-out war with Hizbullah?
- Is the world sleepwalking into another gas crisis?
- A Wall Street state of mind has captured America
- Why the Federal Reserve is split on the future of interest rates
From the September 28th 2024 edition
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