Egypt stepping up talks to obtain IMF loan amid currency crisis
Al Mayadeen English
4 min readThe Central Bank of Egypt hopes to strike a deal with the fund in order to alleviate its current currency crisis, despite that it already owes the IMF an astounding $11.6 billion over previous loans.
People crowd a street in Cairo, Egypt on April 14, 2020 (AP Photo/Nariman El-Mofty, File)
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