Cairo – Mubasher: Egypt may receive $16.3 billion from G7 countries to bridge the financing gap, the Central Bank of Egypt's governor, Tarek Amer, said.
He pinpointed during a press conference held on Thursday that France, Germany and some Arab countries will contribute to bridge the gap.
Egypt's financial gap reaches $30 billion over the period of three years, ending on 30 June 2018, according to the government's programme adopted by the Egyptian parliament.
Amer added that Egypt is facing now a turning point in its economy, noted that the CBE intends to rebuild the international reserves, which increased $4 billion in the last two months.
The CBE allocated $1.2 billion for the basic commodities this month, as its main concern focuses on the low-income sector, the governor said.
Egypt intends to lift more restrictions, Amer added saying that the banks' deposits rose $14 billion in the last 11 months.
