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Egypt says it

Egypt says it has reached a deal with the IMF to increase a bailout loan to $8 billion

Egypt announced on Wednesday that it has finalized a deal with the International Monetary Fund (IMF) to increase a bailout loan to $8 billion. Prime Minister Moustafa Madbouly made this announcement in televised comments, revealing that Egypt had been in negotiations with the IMF for months to raise the initial $3 billion bailout loan agreed […]