Thursday, August 23, 2012

Egypt: Back to the IMF Loan

International Monetary Fund (IMF) Managing Director Christine Lagarde arrived in Cairo. She has meetings with Egyptian officials including the president, Mohamed Morsi. Egypt has formally requested to increase the value of the loan to $4.8 billion, after the initial request made last year for a $3.2 billion.

Today the deal’s chances of being sealed are even greater, so you might like to read the article I wrote  about the loan that has been published in openDemocracy.

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