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...