IMF approves massive bailout loan to help Egyptian economy

The International Monetary Fund's executive board has approved a three-year bailout totalling 12 billion dollars to Egypt to support the country's ailing economy.

IMF approves massive bailout loan to help Egyptian economy
Fri, 11 Nov, 2016 - 18:49

The International Monetary Fund's executive board has approved a three-year bailout totalling 12 billion dollars to Egypt to support the country's ailing economy.

The IMF said the programme aims to help Egypt "restore macroeconomic stability and promote inclusive growth."

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