Egypt Negotiates IMF Lifeline As Economy Deteriorates
Egypt’s Ministry of Finance is in negotiations to secure a $3.2bn lifeline from the IMF to help turn around its rapidly worsening economy. It is a race against time to stop a descent into chaos – if the problems are not reversed soon, citizens living on the bread-line will face growing hardships and are likely to take to the streets in increasing numbers, writes Melanie Lovatt.
The $3.2bn IMF standby facility is...
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