Central Banks

IMF Boss Says Egypt Deal ‘Very Close’ After Rate Hike Caps Talks

  • Egypt deal is a ‘top priority’ for IMF, says managing director
  • Comments follow central bank’s unexpected rate hike Thursday
Kristalina Georgieva Photographer: Chris Ratcliffe/Bloomberg
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The International Monetary Fund is close to agreeing on a new financial package for Egypt, according to the Washington-based lender’s managing director.