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IMF board approves Egypt’s US$12billion loan agreement

Saturday, 12 November 2016 CAIRO: The International Monetary Fund’s (IMF) executive board has approved a three-year, US$12bil (RM52.8bil) loan to Egypt to support its economic reform programme. Its board’s approval allows for an disbursement of an initial tranche of US$2.75bil (RM12.1bil) of the loan. The remaining amount will be phased …

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