Skip to content
Subscriber Only
Markets
Economics

Egypt Seeking $9 Billion From IMF and Other Institutions

  • $4 billion being sought from non-IMF sources, official says
  • Largest Arab nation received $2.8 billion from IMF this week
Some of Egypt’s main sources of foreign currency, including tourism, are facing disruptions caused by the virus.

Some of Egypt’s main sources of foreign currency, including tourism, are facing disruptions caused by the virus.

Photographer: Mohamed El-Shahed/AFP via Getty Images

By

Updated on

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Egypt is seeking more than $5 billion from the International Monetary Fund under a stand-by arrangement and $4 billion from other institutions, an official said.