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The $4 billion IMF loan is expected to ease some of Egypt's economic woes. (Shutterstock)

August 2nd, 2016 - 06:00 GMT

Egypt’s external debt to hit $53.4B with new IMF loan

An IMF mission landed in Cairo Saturday to discuss policies to help Egypt's economy.

Although the introduction of a GCC-wide value added tax (VAT), and other fees, charges, and excises have been announced, most GCC countries have not yet increased non-oil revenues in a meaningful way. (AFP/File)

June 9th, 2016 - 11:00 GMT

Fiscal efforts to bridge GCC budget deficits still falling short: IMF