Regulation, Risk & Compliance
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IMF confirms $3bn loan for Egypt, welcomes exchange rate flexibility
The International Monetary Fund said on Thursday it had agreed a 46-month, $3 billion Extended Fund Facility with Egypt, welcoming a move to “durable exchange rate flexibility” and commitments to boosting social protections, according to Reuters. The arrangement is expected to catalyze a large multi-year financing package, including about $5…
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Click here to read the full story: Arab News