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US$ 03 – 04 billion required from external sources. Coming year very difficult: Sabry

An amount of about US$ 03 – 04 billion could be needed for the rest of the months of 2022 and these monies should be allocated from external sources, said Finance Minister Mohammed Ali Sabry, speaking to Bloomberg.

Successful preliminary discussions have already been held with India, China, the International Monetary Fund (IMF) and the Asian Development Bank (ADB), Sabry went on, adding that he is confident that the economy would move forward.

However, the new Finance Minister confessed that following 06 – 09 months would be a very difficult period for everyone and he is fully aware of the situation.

MIAP

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