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Regulation, Risk & Compliance
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IMF Grants Egypt $5.2 Billion Loan
The International Monetary Fund’s (IMF) executive board approved on August 11th a 12-month stand-by arrangement for Egypt at a total value of $5.2 billion (EGP 83.11 billion), according to an official announcement. This will grant Egypt access equivalent to a special drawing right of 3.76 billion or 184.8% of quota….
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