{"id":323716,"date":"2021-10-24T11:07:58","date_gmt":"2021-10-24T11:07:58","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=323716"},"modified":"2021-10-24T11:07:58","modified_gmt":"2021-10-24T11:07:58","slug":"egypt-achieves-1-9bn-balance-of-payments-surplus","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/10\/24\/egypt-achieves-1-9bn-balance-of-payments-surplus\/","title":{"rendered":"Egypt achieves $1.9bn balance of payments surplus"},"content":{"rendered":"

The Egyptian Cabinet\u2019s Information and Decision Support Center (IDSC) indicated that Egypt\u2019s balance of payments achieved a $1.9bn surplus in fiscal year (FY) 2020\/21.<\/p>\n

The IDSC said that surplus was the result of recording a net capital inflow of $23.4bn during FY 2020\/21, compared to $5.4bn during FY 2019\/20<\/p>\n

It pointed out that this was the result of an improvement in foreign investments in the securities portfolio, achieving a net inflow of about $18.7bn.<\/p>\n

In addition, there was a slight increase in foreign direct investment in the non-oil sectors, by $70.2m.<\/p>\n

While other factors limited the exacerbation of the current account deficit, most notably: the increase in remittances from Egyptians working abroad, which grew by 13.2% to $31.4bn during FY 2020\/21.<\/p>\n

Also, the petroleum trade balance deficit decreased to $6.7m during FY 2020\/21, compared to FY 2019\/20.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Cabinet\u2019s Information and Decision Support Center (IDSC) indicated that Egypt\u2019s balance of payments achieved a $1.9bn surplus in fiscal year (FY) 2020\/21.<\/p>\n","protected":false},"author":4,"featured_media":321424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[],"class_list":["post-323716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main"],"yoast_head":"\nEgypt achieves $1.9bn balance of payments surplus - egy-africa<\/title>\n<meta name=\"description\" content=\"The Egyptian Cabinet\u2019s Information and Decision Support Center (IDSC) indicated that Egypt\u2019s balance of payments achieved a $1.9bn surplus in fiscal year (FY) 2020\/21.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/10\/24\/egypt-achieves-1-9bn-balance-of-payments-surplus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt achieves $1.9bn balance of payments surplus - 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