Egypt Edges Closer to Final IMF Nod for $12 Billion Loan

Updated on
  • Official says close to meeting conditions for agreement
  • Egypt may sell between $3 billion to $5 billion in Eurobonds

Egypt Closer to $12B IMF Loan Deal

Egypt is making “very good progress” toward securing the additional financing required to seal a $12 billion loan accord with the International Monetary Fund, the lender’s largest ever in the region, a senior government official said.

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