The International Monetary Fund announced at an Executive Board meeting its approval to grant Egypt a $3 billion loan over a 46-month period.
It is worth noting that, on October 27, it was announced that Egypt had reached an expert-level agreement with the International Monetary Fund on Egypt’s comprehensive 4-year national economic reform programme.
The deal allows the International Monetary Fund to provide assistance and support by providing an expanded $3 billion credit line.
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