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"CAIRO (AP) ' The International Monetary Fund signed an initial agreement with Egypt on Thursday to loan it $12 billion over three years, in hopes the funds will help fix an ailing economy in the Arab world's most populous country.The IMF said the loan, which is subject to approval by its executive board, comes in support of a government reform program that aims to alleviate the demand for black market dollar trading, bring down the budget deficit and government debt, as well as raise growth and", www.telegram.com
"The International Monetary Fund has thrown Egypt a $12 billion lifeline. Egypt desperately needs it. The economy has slumped since the Arab Spring in 2011. Political unrest and a series of currency devaluations have scared off foreign investors. To mak...", www.wfmz.com
"Egypt's dollar-denominated 2025 bond rose on Thursday to trade at its highest level since end-September 2015 after the country agreed a three-year funding deal with the International Monetary Fund (IMF). 'Today's announcement that Egypt has managed to reach a staff-level agreement with", finance.yahoo.com
"The International Monetary Fundsaid on Thursday it had reached a staff-level agreement withEgypt for a $12 billion three-year funding facility to support agovernment reform programme aimed at cutting the funding gap andimproving the currency market.", www.reuters.com
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