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Egypt Nears an Elusive Deal With the IMF

Aug 11, 2016 | 14:16 GMT
Egyptian Finance Minister Amr el-Garhy (R) and International Monetary Fund delegation chief Chris Jarvis attend a joint press conference in Cairo on Aug. 11. Egypt’s IMF negotiations are part of a broader program to improve its fiscal situation.
Egyptian Finance Minister Amr el-Garhy (R) and International Monetary Fund delegation chief Chris Jarvis attend a joint press conference in Cairo on Aug. 11. Egypt’s IMF negotiations are part of a broader program to improve its fiscal situation.
(STR/AFP/Getty Images)

The IMF mission, which has been in Egypt since June 30, will now prepare a report to be approved by the IMF's executive board. The deal is an important part of a much broader program in Egypt, worth some $21 billion, aimed at improving the country's fiscal situation. ...

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