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The International Monetary Fund is prepared to lend Egypt $3.2 billion at a reduced interest rate of 1 percent, Khairat el-Shater said.
The Muslim Brotherhood’s chief strategist who was knocked out of the May race on electoral-law technicalities said the offer came when IMF officials met with his group during a visit to Egypt earlier this month.
He also said the U.S. deputy secretary of state had agreed to back Islamic bonds issued by Egypt abroad, Bloomberg reported.
