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Egypt's IMF debt drop doesn't resolve loan issues
The article discusses Egypt's decline in its debt to the International Monetary Fund to approximately $9.3 billion by the end of June 2023. Despite this improvement, the total external debt continues to rise, reaching around $165 billion by the third quarter of the 2025/2026 fiscal year. Although foreign currency sources have improved, the trade deficit remains an obstacle to sustainable external financing, as the gap between imports and exports increased by 50.7% during the first half of this year. Experts confirm that the main issue lies in the structure of the economy and its heavy reliance on rentier activities. There is a pressing need to activate the productive and export sectors, reduce imports, and strategically manage debt usage to lower future burdens and achieve sustainable growth.
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