Egypt Seeks Non-Loan IMF Deal by October: Finance Minister

The video discusses Egypt's engagement with the IMF to establish a new program, focusing on structural reforms and human development. The program's duration is estimated to be around two years, with a target agreement by October. Egypt plans to issue bonds in the new fiscal year, maintaining previous targets. The video also highlights the increase in foreign investment in treasury bills and bonds, despite challenges in shifting from borrowing to foreign direct investment. Egypt aims for a 6% GDP growth in 2019-2020, expecting more foreign direct investment.

What is the target date for reaching an agreement with the IMF?

What challenges has Egypt faced in shifting from borrowing to foreign direct investment (FDI)?