Egypt needs $120 billion inflow over next 4 years | Economy | Saudi Gazette

Egypt needs $120 billion inflow over next 4 years | Economy | Saudi Gazette:



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Western consultants helping Egypt compile an economic reform plan say it needs at least $60 billion of investment to reach average GDP growth of 5 percent by 2018 and the same amount again to bolster its foreign reserves, senior officials said.



The Egyptian officials said the country would seek dollar-denominated investments and loans from local and foreign investors, foreign governments and international lenders to fill the gap at a donor conference slated for the end of the year in Egypt.



The International Monetary Fund is expected to attend the conference and has discussed the possibility of extending a loan to Egypt, one official said."



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