Egypt Needs $14.5Bn To Balance Its Current Budget
Egypt will need to find around $14.5bn to close its budget deficit gap in 2012-13, according to Egyptian Minister of Finance Mumtaz al-Sa’id. The country expects to raise funds to cover this deficit from a number of donors and sources, he added. These include $4.8bn from the International Monetary Fund (IMF), $2bn from the World Bank, $2bn from the African Development Bank, $2bn from the European Union, $1.5bn...
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