CAIRO, March 20 Egyptian Finance Minister Amr El
Garhy said on Monday his country was expecting foreign direct
investment to increase to $13-15 billion in the 2017-18 fiscal
year, after a currency flotation in November revived foreign
Garhy told Reuters by telephone that Egypt's 2017-18 budget
would assume an oil price of $55-57 per barrel.
Garhy told a local television station on Sunday night that
the budget would be presented to parliament by the end of March.
Some $3.5 billion in foreign investment has flowed into
Egyptian Treasury bills and bonds since the currency was floated
in November, losing about half its value.
(Reporting by Ehab Farouk; Writing by Lin Noueihed; Editing by