By: Ahmed Allam
Cairo – Mubasher: Egypt’s minister of finance, Amr El-Garhy, on Monday said that Egypt’s funding gap ranges between $10 and $12 billion during the current fiscal year.
El-Garhy noted, on the sideline of the Euromoney Conference, that this funding gap will be financed through a foreign bonds programme and a loan from International Monetary Fund (IMF).
The minister had previously said that Egypt’s funding gap amounts to $34 billion within three years to be ended in FY18/19.
Translated by: Mai Ezz El-Din
