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URGENT: Egypt signs new IMF deal

by Yomna Yasser
IMF

Egypt has on Wednesday signed an agreement with the International Monetary Fund (IMF) to extend the current $3 billion loan deal to $8 billion.

The agreement was announced during a press conference attended by Prime Minister Mostafa Madbouly, Governor of the Central Bank of Egypt (CBE) Hassan Abdalla, Ivanna Vladkova Hollar, Head of IMF mission in Cairo.

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