FILE PHOTO: A general view of banks, hotels, office and residential buildings in the center of Cairo, Egypt, September 13, 2018. REUTERS/Amr Abdallah Dalsh
February 2, 2022
CAIRO (Reuters) – Egypt’s debt should fall below 90% of gross domestic product by the end of the fiscal year on June 30, Finance Minister Mohamed Maiit told a news conference on Wednesday in Cairo, exceeding the government’s prior expectations.
The country’s total export revenue reached a record high of $45.2 billion in 2021, Prime Minister Mostafa Madbouly told the conference.
(Reporting by Lina Najem and Nadine Awadalla, Writing by Maher Chmaytelli; Editing by Jon Boyle)