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#hot money

Egypt’s gross public debt – the total financial liabilities of all government enterprises – is expected to make up 92.9 percent of the country’s GDP in 2023, according to an economic outlook report by the International Monetary Fund (IMF). The IMF’s monthly report on the Middle East and Central Asia, published on 3 May, indicates a potential 4.4 percent increase from the previous year’s 88.5 percent. This number, if reached, would be Egypt’s highest since 2000. The country’s total external…