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Monday, 12 April 2021

Egypt receives $2.77 bln in IMF emergency financing

Reuters , Tuesday 12 May 2020
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Views: 2018

 Egypt has received $2.77 billion in emergency financing from the International Monetary Fund, its state news agency reported on Tuesday, citing a senior central bank source.

The IMF had had approved the funds on Monday in an effort to help Egypt to contend with the new coronavirus pandemic that has brought tourism to a standstill and triggered capital flight.

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