No Breakthrough In Egypt-IMF Loan Negotiations
Almost two weeks of talks in Cairo between the International Monetary Fund (IMF) and high ranking Egyptian officials over the terms of a $4.8bn stand-by arrangement from the fund have ended without a breakthrough. But the IMF mission chief for Egypt, Andreas Bauer, announced on 15 April that “the mission made progress in the discussions with the authorities on their economic program and possible financial support from the...
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