IMF sees Egypt government debt to fall to 88.1% of GDP in 2024

The International Monetary Fund (IMF) projected Egypt’s government debt rate to reach 88.1 percent of GDP in 2024, down from 92.7 percent in 2023, according to the World Economic Outlook report released on Tuesday.

The fund adjusted its 2023 growth forecast for Egypt to 4.2 percent from a 3.7 percent forecast issued in July, this is the highest growth forecast made by the global lender for the region.

The World Bank (WB) and IMF staff have worked in close coordination with the Moroccan authorities and a team of experts to assess Marrakech’s capacity to host the 2023 Annual Meetings.

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