Economics

After Egypt Vows $6 Billion, Central Bank Moves to Combat Virus

A municipality worker cleans lamp posts outside the Luxor Temple in Egypt's southern city of Luxor on March 12.

Photographer: Khaled Desouki/AFP via Getty images

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Egypt gave small and medium-sized businesses a six-month extension for credit repayments and canceled ATM withdrawal fees for the same period, as the North African nation looks to protect the economy from the effects of the coronavirus.