The Ministry of Finance announced that Egypt’s five-year credit default swap (CDS) prices fell below 270 basis points on 6 January, marking their lowest level since 2020. This development coincided with a notable decline in risk indicators in international markets and among investors, reflecting an improved assessment of the Egyptian economy. The observatory explained that the report relied on a selective presentation of data that failed to reflect the full and accurate picture. The report also overlooked other forms of debt, particularly external debt, creating the misleading impression that the debt stock increased by the full value of the issuances. The observatory stressed that such analysis is unsound, as changes in the debt stock are determined by net domestic and external borrowing, not by total issuances alone.

Source: Daily News Egypt January 07, 2026 20:13 UTC