IMF: Increasing Funding for Egypt

Sudan Events – Nahed Oshi

The International Monetary Fund (IMF) has announced that it intends increasing the volume of funding provided for Egypt, saying communication going on to complete the review soon. the IMF indicated that there are 824 billion pounds in budgetary needs.

Dr. Mohamed Maait, Minister of Finance, said that Egypt is considering issuing bonds in Indian rupees next year, with a value that may reach 500 million dollars, explaining that Egypt is considering issuing a second tranche of bonds and issuing bonds with a value ranging between 500 million and one billion dollars next year.