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Thndr Claps » EGY Claps » Economy 🏙 » Egypt needs less than $15 billion from the IMF 💵

Egypt needs less than $15 billion from the IMF 💵

by Omar El Shorafa
August 1, 2022
IMF, Egypt, Claps, Economy

The Clap
According to the statements of the Minister of Finance, Mohamed Maait, to Ashharq, Egypt needs less than $15 billion from the IMF.

Background
Egypt is negotiating with the IMF to receive financial support to help get past the current economic crisis. The IMF then released a report following these negotiations saying that Egypt must develop even further to receive its support.

The Deets
The Minister of Finance stated to Asharq that he hopes negotiations are complete and the funds are received before 2022.

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