Egypt seeking to push forward critical IMF deal in Washington ...Kuwait

Egypt is pushing to tie up a crucial financial package from the International Monetary Fund at annual meetings in Washington this week, hoping to stem a currency crisis that has restricted imports and sparked market unease over foreign debt repayments. Egypt began talks with the IMF for a financial support package in March, soon after the Ukrainian crisis threw its already unsettled finances into further disarray and led foreign investors to pull nearly $20 billion out of Egyptian treasury markets in a matter of weeks. The foreign exchange shortage has led to a sharp drop in non-oil imports, which fell by 20% in the April-June quarter, according to central bank data. T

Hence then, the article about egypt seeking to push forward critical imf deal in washington was published today ( Thursday 13/10/2022 - 12:24 PM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt seeking to push forward critical IMF deal in Washington )

Also on site :

• ‘An Incredible Story to Tell’: Filmmaker Wes Orshoski Talks Paul Di’Anno Documentary
• Ukrainian drone strike hits Russian school dorm – governor
• Stephen Colbert Ends ‘Late Show’ With “Normal,” Star-Studded Episode, Joking the Pope “Canceled”