Egypt, Finance Minister: Financing of 20 billion dollars expected after the agreement with the IMF

After the recent agreement with the International Monetary Fund (IMF), Egypt is expected to receive financing for a total of 20 billion dollars. He declared it yesterday mohamed maait, the Egyptian finance minister, who said the debt is expected to fall “below 90 percent by June 2025 and below 80 percent by June 2027.” Furthermore, Maait stated that his country's goal is to keep inflation around 7 percent, with a variation of plus or minus 2 percent, adding that "medium and long-term solutions require a economy led by the private sector”. According to data released by the Egyptian Central Agency for Public Mobilization and Statistics (Capmas), last January an annual inflation rate in Egypt was 31,2 percent, down from 35,2 percent. cent of the month of December 2023.