Egypt's finance minister said in a television interview on Sunday that Egypt's external debt would reach $53.4 billion if his country receives an International Monetary Fund (IMF) loan.
Finance minister says external debt to reach $53.4 billion with 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.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
EFCC arrests ex-aviation minister Sirika for ₦8bn Nigerian Air scandal
Ex-APC spokesperson backs EFCC's hunt for Yahaya Bello
Woman suffering incurable disease finally gets her wish to choose how she dies
Lead British School student in viral video apologises for bullying Namtira Bwala
Emeka Ihedioha resigns from PDP after 26 years of membership
Student bullied at Lead British School is not my daughter — Daniel Bwala
NBA disclaims lawyers' protest over EFCC's approach to Yahaya Bello's case
Dana aircraft skids off Lagos Airport runway
Biden assures Zelensky of rapid arms support amid escalating Russia tensions
ADVERTISEMENT