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EconomicsEgypt Reveals $16 Billion Funding Gap, Looks to IMF Deal for FixFinance minister confident that Egypt requirements will be metAgreement over $3 billion IMF loan set to unlock more fundingByMirette Magdy+FollowNovember 10, 2022, 5:00 AM UTCUpdated onNovember 10, 2022, 9:35 AM UTCSign up for our Middle East newsletter and follow us @middleeast for news on the region.Egypt has an external funding gap of $16 billion over roughly four years and believes it will secure enough money to cover its needs in full because a loan from the International Monetary Fund can unlock financing from abroad.
