Egypt explores financing options from China, Japan: Minister

Reuters Images/Mohamed Abd El Ghany

Egypt seeks to reach an agreement with the International Monetary Fund (IMF) within a month or two

Staff Writer, Arab Finance

September 23, 2022

PHOTO

Arab Finance: Egyptian Minister of Finance Mohamed Maait announced that the government is exploring financing options including soft loans from China and Japan, Bloomberg reported on September 22^nd.

Moreover, Maait added that Egypt seeks to reach an agreement with the International Monetary Fund (IMF) within a month or two.

On September 15th, Alarabiya.net reported that Standard Chartered plc forecast that Egypt would receive a loan worth $6 billion from the IMF prior to the end of September.

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