The International Monetary Fund (IMF) expects Egypt’s debt to decline to reach 75% by 2022/2023 if the economic reform program continues to be applied. Egypt’s constant touristic and economic growth is what brought this hope.
Egypt had started an economic reform program of applying taxes such as the value-added tax and removing the energy subsides. There’s been a raise in prices in both food and fuel for some time now. This seem to be helping Egypt’s debt. According to the IMF, the economic growth is estimated to reach 6 percent.
