Cairo – Mubasher: The International Monetary Fund (IMF) has increased Egypt’s expected inflation for the fiscal year 2018-2019 to 15.8% from 14.4%.
The IMF also upped the county’s expected consumer price index (CPI) for FY18/19 to 14.5% versus an earlier estimation of 13.1%, according to a report released by the international organisation.
Egypt’s inflation is forecast to reach 10.7% at the end of the FY19/20, the report found.
Moreover, the IMF is expecting that Egypt’s public debt-to-gross domestic product (GDP) ratio would reach 86% during the current FY, compared to 86.2% in a previous estimation.
The ratio may hit 83.3% in the coming fiscal year, the IMF’s data showed.
