J P M O R G A N Egypt BoP: Different policy response, better results CBE adopts a new playbook to manage shock and ease BoP pressures Egypt's external accounts came under significant pressure in 1Q26, with the current account posting a wide US$5.1bn deficit while portfolio flows recorded substantial net outflows (US$9.5bn) amid the sharp rise in global and regional risk aversion following the US-Iran conflict. Despite these pressures, Egypt weathered the episode relatively well. In particular, the basic bal ...