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
Discover stories from this section and more in the list of contents
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Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith