CBE governor: successful negotiations with IMF; Egypt to receive 3-yr loan – CBC TV
Governor of Central Bank of Egypt, Tareq Amer

CAIRO: Tariq Amer, the governor of Central Bank of Egypt, announced that negotiations with IMF mission were successful and that Egypt agreed with the fund on a 3-year loan programme worth $12 million, according to CBC TV channel.

The government seeks to receive the loan in order to ease its funding gap and restore market stability and was seeking to secure $7 billion annually over three years, according to Reuters.

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