(MENAFN) Egypt predicts to get USD 1.5bn from the World Bank and African Development Bank by the end of this year to help the budget and discuss potential IMF financing.
Furthermore, the country is applying a sequence of reforms aimed at bracing its economy, on which it relies for foreign currency pays.
In addition, foreign currency assets, which stood at almost USD 36bn, were USD 16.42bn at the end of Nov despite billions of dollars in Gulf aid that Egypt got.
Moreover, a foreign currency lack has crippled import activity this current year and the nation is facing issues to pay for supplies of energy, which drain some USD 700mn to USD 1bn a month.
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