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Egypt Talks on IMF-Led Deal Go On With $10 Billion on Table
- World Bank may provide additional backing for cash-tight Egypt
- Government’s dollar bonds jump on hopes of a breakthrough
The IMF logo.
Photographer: Andrew Caballero-Reynolds/AFP/Getty ImagesThis article is for subscribers only.
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An International Monetary Fund mission to Egypt has extended its visit until the end of the week for urgent talks on a potential deal that may bring in partners and exceed $10 billion. Egyptian dollar bonds rose.