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Egypt Considers $1.5b Bond
World Economy

Egypt Considers $1.5b Bond

Egypt could tap international bond markets to raise up to $1.5b next year to shore up its finances and is open to agreeing an International Monetary Fund loan package if needed, Finance Minister Hany Kadry Dimian said. President Abdel Fattah al-Sisi has started implementing politically sensitive economic reforms such as slashing energy subsidies and raising taxes to narrow the budget deficit.

 

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