#JPMorgan
JPMorgan, a major financial institution, has recently announced its decision to remove Egypt from its emerging market government bonds index. Effective 31 January 2024, Egypt will be removed from JPMorgan's emerging market government bonds index. This decision follows JPMorgan's examination of Egypt's economic situation since 21 September 2023, due to concerns regarding challenges in converting foreign currency for investors. Egypt had maintained a weight of 0.61 percent in the global index until 29 December. JPMorgan stated, "Egypt has been under…
