Egypt Loan

EghtesadOnline: Egypt is making “very good progress” toward securing the additional financing required to seal a $12 billion loan accord with the International Monetary Fund, the lender’s largest ever in the region, a senior government official said.

EghtesadOnline: Egypt received the first $1 billion tranche of a three-year, $3 billion loan from the World Bank to fund government plans to boost growth.

EghtesadOnline: The International Monetary Fund is stepping up lending in a region where economic reformers haven’t exactly had the most success.