Egypt Almost Ready With ‘Fresh Story’ to Lure Bond Buyers
- New value-added tax, payroll cuts seen approved this month
- Economic reforms seen drawing billions of investment dollars
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Vital economic reforms designed to draw billions of dollars from international bond markets could be approved by the end of the month, a senior Egyptian government official said Tuesday.
Samy Khallaf, head of public debt in Egypt’s Finance Ministry, said he expects parliament will pass a package introducing value-added tax and public-sector payroll cuts within weeks because it’s been endorsed by officials at the “highest level.”