Economist Mostafa Badra denied a third flotation of the Egyptian pound. Badra revealed the details of Egypt obtaining a US$3 billion loan from the International Monetary Fund, stressing that Egypt had no alternative. Badra said, during an interview with TV presenter Ahmed Moussa, on Sada al-Balad channel, on Sunday, that Egypt had no alternative to resorting to the International Monetary Fund, in light of global challenges and high interest rates. Granting Egypt a financial package will help improve the lives of citizens and complete the development plans encouraged the as well as help the return of investments, he said. He added that the prolongation of the Russian-Ukrainian crisis will ca
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