IMF believes loan programme will help Egypt reduce its debt burden

The International Monetary Fund's loan programme with Egypt should help the country gradually reduce its debt burden, an IMF official said on Thursday.

"We gradually expect with implementation of the programme, improvement of balance of sheets, and increase in inflows that Egypt will be able to reduce and pay back part of its debt," IMF Middle East and Central Asia director Jihad Azour told a news briefing.

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