Egypt has crisis experience to ‘handle a Fed taper’ ...Qatar

Egypt’s finance minister voiced confidence in his country’s ability to cope should the US Federal Reserve start tapering its pandemic stimulus, a risk because that may undercut the North African nation’s appeal among investors. “We are closely monitoring” how the Fed’s decision could affect the cost of borrowing, Mohamed Maait said in an interview with Bloomberg TV. “We are taking into consideration our experience with such a situation,” he said, recalling the more than $20bn that left the country over the past three years as a result of volatility in emerging markets and the impact of the Covid-19 pandemic. “We have to be ready, always,” Maait said. Egypt’s authorities have plenty of recen

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