Egypt's foreign debt to reach 30% of GDP by JuneStaff Writer | February 27, 2017
Egyptian Central Bank’s Governor Tarek Amer stated that he expects the country's foreign debt to reach 30 percent of gross domestic product, or $60 billion, by June this year.
Africa Governor Tarek Amer:
He predicted that imports would fall 30 percent this year.
Egypt's monthly fuel import bill is around $1 billion, he said, but the budget is now getting under control and there are increasing signs of fiscal discipline on the government's part. ■