FINANCIAL NEWS

Egypt to complete required actions for USD12b

10 Oct 2016

(MNAFN) Managing Director Christine Lagarde had confirmed that Egypt has almost completed required actions for the International Monetary Fund’s board to review its USD12b loan accord.

IMF Middle East chief told reporters that Egypt is relying on the deal to restore investor confidence and ease dollar shortage that hampered the economy.

Lagarde said at a Press briefing in Washington: “There are several prior actions which need to be completed before the board can actually meet.”

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