(MENAFN) Minister of Finance Amr Al Garhy said on Thursday Egypt is making "good" progress in a long-awaited value-added tax (VAT) law negotiations with the International Monetary Fund (IMF).
Egypt is negotiating a $12 billion loan with the IMF and is pushing ahead with reforms, including plans for a VAT tax and further subsidy cuts.
"We are making good progress in negotiations with the IMF," El-Garhy said at a news conference on Thursday.
"We want to achieve the figures we set for the budget.This is what we are discussing with the IMF," El-Garhy said.
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.