Source: Egyptian Institute for Studies
Author(s): Ahmed Zikrallah
The Egyptian debts have become a major source of foreign exchange to Egyptian economy since the country’s financial control agreement with the International Monetary Fund (IMF) in late 2016. The successive surges in the figures of these debts raise many questions about the government’s continued reliance on them, and continuation of loan flows from various sources, in addition to questions about how far the Egyptian economy is capable of repayment, in light of government insistence on spending on service projects rather than the productive sectors, and erosion of the ability of public revenues to meet debt installments and interests. Also, a significant question arises about the future development of these debts within the next three years.
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