Egypt’s foreign financing decreases by more than a third in 2023 ...Egypt

EGYPT INDEPENDENT - Economy

Egypt received US$8.8 billion in external financing for the government and private sectors in 2023, a decrease of 35.7 percent fro 2022, according to Minister of International Cooperation Rania al-Mashat. During a press conference on Sunday, she added that the current portfolio with development partners currently amounts to $26 billion, distributed over 200 projects, Asharq Business reported. The volume of development financing provided to Egypt last year amounted to $13.7 billion, an increase of 37 percent over the previous year. According to a report issued earlier in December, the Institute of International Finance placed the size of the financing gap that Egypt will face in the fiscal ye

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Last updated : 19 Dec 2023 clock 11:16 AM

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Egypt’s foreign financing decreases by more than a third in 2023 ...Egypt

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