LONDON (Reuters) - Tunisia and Egypt are edging closer to major debt crises which could suck in a volatile North Africa region and pose tough choices to wealthy Gulf Arab neighbours, investors and analysts warn. Making debt payments could become almost impossible. EGYPTEgypt's finances also look stretched despite it securing a $3 billion IMF rescue plan in December. NOT IMMATERIALFor regular asset managers, though, there has been a painful 20% slump in Egypt's near $30 billion worth of international bonds this year. "These very wealthy Gulf countries have generally enhanced financial stability in the region," via their support he added.

Source: The North Africa Journal May 11, 2023 05:09 UTC