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Egypt may seek up to $3bn in emergency funding from IMF
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Egypt may seek up to $3bn in emergency funding from IMF
Egypt is reportedly weighing securing emergency financing from the International Monetary Fund, driven by a strain on its foreign investment inflows due to the Iran war. Cairo is seeking a potential loan of between $1.5 billion and $3 billion from the IMF, unidentified officials from the cabinet and finance ministry told Egypt-based Al Manassa news website. Foreign investors have exited the local market amid regional tensions and higher energy …
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