Published 1 month ago

IMF confirms increasing Egypt's bailout loan to $8 billion

The International Monetary Fund's executive board approved an increase in Egypt's bailout loan from $3 billion to $8 billion to support its struggling economy.
Egypt is facing challenges like a severe shortage of foreign currency and high inflation rates, prompting the need for financial assistance.
The bailout loan increase aims to stabilize Egypt's economy and address its economic vulnerabilities effectively.

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abc News

IMF confirms increasing Egypt's bailout loan to $8 billion

The executive board of the International Monetary Fund has confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion

1 month ago·United States

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KRDO

IMF confirms increasing Egypt's bailout loan to $8 billion

By SAMY MAGDY Associated Press CAIRO (AP) — The executive board of the International Monetary Fund has confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion. The board said its decision would enable Egypt to immediately receive about $820 million as part of the deal that was announced earlier this month. It is meant to shore up the Arab country’s economy which is hit by a staggering shortage of foreign currency a…

1 month ago·Colorado Springs, United States

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KIFI

IMF confirms increasing Egypt's bailout loan to $8 billion

1 month ago·Idaho Falls, United States

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KVIA

IMF confirms increasing Egypt's bailout loan to $8 billion

1 month ago·Panama City, United States

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Winnipeg Free Press

IMF confirms increasing Egypt's bailout loan to $8 billion

CAIRO (AP) — The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move […]

1 month ago·Winnipeg, Canada

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Arab News

IMF approves Egypt’s expanded, $8 billion loan program

CAIRO: Egypt received approval on Friday from the International Monetary Fund’s executive board for an expanded, $8 billion financial support program that enables the immediate release of $820 million, the IMF said in a statement. The IMF agreed to widen the agreement after Egypt’s wobbly economy was further hurt by the Gaza crisis, which slowed growth in tourism and triggered

1 month ago·Riyadh, Saudi Arabia

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