EGYPT: RETURN TO THE IMF AS DEBT SUSTAINABILITY COMES UNDER PRESSURE
Mon, 29 June 2020
An economic lifeline thrown by the IMF will ensure that economic reforms and currency stability will remain anchored in the one-year outlook. The new financing could result in the full liberalisation of Egypt’s currency exchange rate. However, concerns over debt repayment will mount as the economy will take a long time to recover, even beyond the pandemic.
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