By: Mostafa Adel

Cairo - Mubasher: The Egyptian minister of finance said that his ministry is currently considering using all funds collected from international bonds to support the country’s foreign exchange reserve instead of directing it to the general budget deficit.

In his answer to a question from Mubasher during a press conference held on Sunday, Amr Al Garhy added that Egypt is reviewing the best use of foreign funds from international bonds by reducing the finance gap, noting that all required finances in FY2016-2017 have been met, as part of the World Bank (WB) loan conditions.

Translated by: Moslem Ali