Egypt Puts Foreign Borrowing Needs At $10Bn
Egypt needs to tap external sources for as much as E£60bn ($9.8bn) to finance its 2012-13 projected budget deficit of E£135bn ($22.2bn), Egyptian Minister of Finance Mumtaz Sa'id has said. Reviewing the budget situation in the current year, the minister noted that of this total only E£75bn ($12.3bn) could be raised domestically through various debt instruments and the remainder will have to come from...
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