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
Anti-graft agency arrests 3 Kano govt officials aiding foreigners secure citizenship
ONSA directs security agencies to enforce Nigeria’s cybercrime law fully
ASUU faction dissociates self from UniAbuja strike, says cabal behind action
Nigeria’s economy to experience significant growth soon – Shettima
Businesses grounded in Maiduguri fish market as traders revolt against leaders
Slain NYSC member's brother petitions House of Reps, insists deceased not cultist
Police arrest over 50 suspects after brutal clashes at Ile-Epo, Lagos
Our government won't blame Buhari for any failure - Shettima
Gov Eno donates 20 patrol vehicles to boost security, protect residents
ADVERTISEMENT