4eb9f3eddbb5ce79aacd105ddf9d9a46d8ee2b06

IMF approves $12 bn loan to support Egypt's economy

The International Monetary Fund head of delegation for Egypt, Chris Jarvis (L) and Egypt’s Minister of Finance Amr al-Garhy attend a joint press conference in Cairo on August 11, 2016The International Monetary Fund on Friday approved a three-year, $12 billion loan for Egypt to help the country recover from its economic crisis amid soaring inflation and deficits. The IMF executive board said it would release $2.75 billion to Egypt immediately, while further disbursements will depend on the country’s economic performance and agreed milestones in implementing the reforms. The program “will help Egypt restore macroeconomic stability and promote inclusive growth,” the board said in a statement.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
President #Trump: U.S. dollar is "getting" too strong - CBS News https://t.co/dgXYXgHi36 #dollar https://t.co/iSWPww2cBR - 2 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *