July 13, 2016
Key Highlights: Egypt’s Balance of Payments (BOP)– Q3 and 9M 2015/16
According to a recent press release by the Central Bank of Egypt (CBE), Egypt’s BOP recorded a net outflow of USD 3.64 bn in July-March 2015/16 compared to the same period in 2014/15. Such deterioration was due to a widening in the current account to record net outflow of USD 14.47 bn against USD 8.35 bn a year earlier. Whereas, the capital and financial account recorded net inflow of USD 13.91 bn up from USD 6.65 bn a year earlier. Below are the key highlights in a presentation format.