This is attributed to achieving a net inflow in Egypt's investment portfolio by $18.7 billion in addition to a slight increase seen in the foreign direct investment (FDI) in non-oil sectors by $70.2 million, showed the infographic.
Positive factors that helped mitigate the aggravation of the current account deficit include an increase in expats’ remittances that hit $31.4 billion in 2020/2021, recording a growth rate of 13.2% compared to FY 2020/2019 in addition to a decrease in the oil trade balance deficit which recorded $6.7 million in 2020/2021, according to the infographic.