When will the ‘US dollar gap’ disappear in Egypt? ...Egypt

The official spokesperson for the Egyptian Cabinet, Nader Saad announced Tuesday that the “(US) dollar gap” will disappear when dollar imports reach $191 billion, and then a US dollar surplus may be achieved when exports exceed 20 percent. Saad explained that this will take until 2026, pointing out that improving the investment climate and returning it to its previous levels will bring an increase in exports. He said that Prime Minister Mostafa Madbouly reassured investors by talking about investment incentives and the immediate measures taken by the state. Saad also clarified the details of the government’s public offering program, stressing that the program is temporary and has specific go

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