The International Monetary Fund released the details of the $12 billion loan it approved for Egypt in November, the Washington-based lender’s largest in the region.
Egyptian officials have said the loan adds credibility to its program to overhaul the economy, which has already included subsidy reductions, a currency float and higher interest rates. The government is currently marketing Eurobonds worth as much as $2.5 billion on a global roadshow that will help fund its spending plans.
