Reported 1 day ago
Egypt has reached a preliminary agreement with the International Monetary Fund (IMF) for a $1.2 billion loan tranche, part of an $8 billion package aimed at stabilizing the country's economy after a two-year financial crisis. The agreement is pending approval from the IMF's executive board and focuses on boosting domestic revenues, improving the business environment, and enhancing governance. Recent economic measures include currency devaluation and price hikes for essential goods, as Egypt seeks to implement reforms while managing the burden on its large population.
Source: YAHOO