egypt loan imf

IMF Approves Egypt’s $12 Billion Loan Agreement, $2.75 Billion Disbursed

By Ahmed Aboulenein and David Lawder CAIRO/WASHINGTON, Nov 12- Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling economy, bringing down public debt and controlling inflation while seeking to protect the poor. The IMF said its executive board’s approval immediately disbursed an initial loan

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