Egypt's External Debt to Reach $53.4 billion with IMF LoanSource: www.export-egypt.com 8/1/2016, Location: Africa |
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 Egypt's Finance Minister Amr al-Garhy said in a television interview that Egypt's external debt would reach $53.4 billion if his country receives an International Monetary Fund (IMF) loan.
Last week Egypt said it was seeking $4 billion a year over three years from the IMF to help plug a funding gap. The government hopes to finalise the deal in August. A two-week IMF mission arrived in Cairo over the weekend to negotiate an IMF loan package. |
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