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Egypt reaches deal with IMF to increase bailout loan to €7.4bn

Egypt reaches deal with IMF to increase bailout loan to €7.4bn — The Egyptian pound has slipped sharply against the dollar (AP)

Wed, 06 Mar, 2024 - 14:58

Samy Magdy, AP

Egypt said it has reached a deal with the International Monetary Fund (IMF) to increase a bailout loan to $8 billion (€7.4 billion).

Prime Minister Moustafa Madbouly announced the news in televised comments on Wednesday.

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