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Egyptian Authorities Deny Requesting Increase in IMF Loan Tranche

Summary by Egyptian Streets
Egyptian authorities have not requested an increase in the fourth tranche of the International Monetary Fund (IMF) loan to USD 2 billion (EGP 98.4 billion), the Cabinet Media Center announced on Tuesday, 12 November, refuting claims circulating in some media outlets. According to the statement, recent reports attributed to senior government officials suggesting that Egypt sought an increase from USD 1.3 billion (EGP 64 billion) to USD 2 billion …
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