The International Monetary Fund announced on Friday the immediate disbursement of $820 million to the Egyptian government, part of an augmented plan to aid the nation's stumbling economy.
The IMF's Executive Board validated the payment as part of a $3 billion aid
program granted at the end of 2022.
The IMF action, repeatedly postponed and eagerly awaited by the Egyptian
government, arrives at a time of mounting difficulties for its economy.
The Board also approved a $5 billion extension announced at the beginning
of the month, bringing the Fund's total lending to Egypt to $8 billion.
Morocco's Economy and Finance Minister, Nadia Fettah Alaoui, announced on Thursday that the country's economy is
According to reporting by Reuters unofficial Libyan banknotes have been exchanged for real dollars and have subsequently contributed to the
Egypt has announced a 15-percent increase in petrol prices, which will come into effect on Friday, as part of a
Egyptian officials convened on Tuesday to discuss the nation’s detention policies, according to human rights lawyers and groups cited
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