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  • Egypt, IMF reach preliminary deal for $3 billion loan to fight soaring inflation
27 Oct

Egypt, IMF reach preliminary deal for $3 billion loan to fight soaring inflation

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Hours before announcement of agreement, central bank hikes key interest rates by 2%, implements more flexible exchange rate system, as Cairo commits to initiate reforms

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Category: 
Israel & the Region
Egyptian economy
inflation
IMF International Monetary Fund
Mustafa Madbouly
Egypt
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