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Analysis

Chinese panda bonds present opportunity for cash-strapped Egypt

With this agreement with the African Development Bank, Egypt is the first African country to issue bonds in Chinese currency that are placed in the domestic market of mainland China.

Jack Dutton
Jack Dutton
Jun 11, 2023
Egypt's President Abdel Fattah al-Sisi (L) greets Chinese President Xi Jinping (R) during a signing ceremony at the Great Hall of the People on December 23, 2014 in Beijing, China.
Egypt's President Abdel Fattah al-Sisi (L) greets Chinese President Xi Jinping (R) during a signing ceremony at the Great Hall of the People on December 23, 2014 in Beijing, China. — Greg Baker - Pool/Getty Images

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