Egypt receives $2.77 bln in IMF emergency financing -state news agency
- Country:
- Egypt Arab Rep
Egypt has received $2.77 billion in emergency financing from the International Monetary Fund, its state news agency reported on Tuesday, citing a senior central bank source.
The IMF had had approved the funds on Monday in an effort to help Egypt to contend with the new coronavirus pandemic that has brought tourism to a standstill and triggered capital flight.
ALSO READ
-
From Oil Shale to Wind Power: Estonia’s High-Stakes Plan for Cheaper, Secure Electricity
-
Colombia's IMF Gamble: Can Fiscal Reform Restore Confidence Without Sacrificing Economic Growth?
-
From Market Access to Market Power: What African Firms Need to Capture AfCFTA’s Trade Gains
-
Too Many Homes, Too Little Spending: Inside China’s Deepening Housing and Consumption Divide
-
AfDB selects four green hydrogen projects of $20 million grants in Africa
Google News