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FINANCIAL NEWS
Egypt’s external debt to hit USD53.4bn
01 Aug 2016
(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.
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