Egypt debt to fall below 90% of GDP by end of June
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© Reuters. FILE PHOTO – A view showing the general layout of Cairo’s banks, offices, and residential buildings, 13 September 2018. REUTERS/Amr Abdallah DalshCAIRO, Reuters – Egypt’s debt must fall below 90% of its gross domestic product before the end of the fiscal Year on June 30, according to Mohamed Maiit, Finance Minister. The news conference was held in Cairo on Wednesday. It exceeded the government’s expectations.
Premier Mostafa Madbouly stated that the country’s total foreign revenue hit a new record of $45.2 billion by 2021.
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