The debts of state oil firm EGPC pose a considerable risk to Egypt’s overall finances, the IMF warns.
In its latest report on Egypt, issued last month, the fund says that EGPC “faces significant liquidity issues” with its dues placing a strain on the state’s overall finances despite the latter having improved since March’s $8bn IMF bailout (MEES, 3 May). (CONTINUED - 1823 WORDS)
