Thndr Claps » EGY Claps » Economy 🏙 » How will Egypt go about the financing gap in 2023? 💰
The ClapEgypt has a financing gap of about $6.1bn during the fiscal year 2022/2023 and will resort to a number of different sources in order to bridge this gap.
WhatAmong the most important sources of funding to bridge this gap are:
So WhatOver the next 4 years, Egypt is expected to have financing needs of $16bn, but the government is confident in its ability to cover this gap.
Now WhatAhmed Kouchouk, Vice Minister of Finance, said Egypt will have secured funds from the African Development Bank, the World Bank, and the Asian Infrastructure Bank before June 2023.
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