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State also targets debt-to-GDP ratio of 80% in next FY, says MOF
Experts believe there are no other options but to ask for more loans, while national and foreign debt is equally dangerous
EGP 61bn is not enough and we will appeal in court against the 2017 draft budget, says Al-Taher
Egypt ranks 109th globally in world’s wealthiest/poorest countries list, with GDP per capita being equivalent to $6,650
World Bank report expects real GDP growth in Egypt to increase from 2.9% in 2014 to 3.6% in 2015, further 3.9% growth anticipated in 2016 and 4.0% in 2017
The minister of investment discussed the Investment Law saying that its core change is what is called the “one-stop shop”.
Central bank reports estimates net external debt rose by 5.8%, as a result of increased borrowing and higher exchange rates against the dollar