Economics
Egypt Seeks Region’s Biggest IMF Loan to Repair Battered Economy
- Government to finalize terms on $12 billion loan with IMF team
- Stocks surged in Cairo; central bank rate decision on Thursday
Egypt in Final Stages of IMF Loan Talks
This article is for subscribers only.
Egypt plans to secure a $12 billion loan from the International Monetary Fund to ease a crippling dollar squeeze and restore confidence in the economy, an accord that would be the fund’s biggest aid package in a region pummeled by political unrest and the plunge in oil prices.