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Egypt will receive the first instalment of an extended loan agreement with the International Monetary Fund (IMF) next week. Egypt will receive the first instalment of an extended loan agreement with the International Monetary Fund (IMF) next week.The International Monetary Fund (IMF) has approved a $5 billion augmentation to its loan program for Egypt.This decision will facilitate an immediate disbursement of $820 million.This was revealed by Prime Minister Mostafa Madbouly during a press conference on Saturday. Although Madbouly didn’t provide specific details, the IMF stated on Friday that t…

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