Egypt's external debt to hit USD53.4bn


(MENAFN) Egypt's external debt will reach USD53.4bn if the country received an Intl' Monetary Fund (IMF) loan.

Accordingly, the country was searching USD4bn a year among three years from the IMF, in order to support plug a funding gap.

Additionally, the government plans to complete the deal in August, while a two-week IMF mission arrived in Cairo over the weekend.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.