CAIRO, Dec 25 — The International Monetary Fund said today it reached a staff-level agreement with Egypt on the fourth review under its Extended Fund Facility arrangement,...
The International Monetary Fund said on Thursday that Sri Lanka’s agreements with China and other creditor nations to restructure about US$10 billion in bilateral debt took the island nation a step closer towards restoring debt sustainability. — Reuters file picas a first-time user .
The IMF said Egypt’s government had agreed to increase its tax-to-revenue ratio by 2 per cent of gross domestic product over the next two years, with a focus on eliminating exemptions rather than increasing taxes. “While the authorities’ plans to streamline and simplify the tax system are commendable, further reforms will be needed to enhance domestic revenue mobilization efforts,” the statement said.
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