‘Lucrative’ trap: Egypt gets lured by billion-dollar IMF deals ...News

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‘Lucrative’ trap: Egypt gets lured by billion-dollar IMF deals
Cairo is seeking to secure large foreign loans in an attempt to combat its economic crisis The major economic and currency crisis that Egypt has been going through in recent years has forced the country’s authorities to take measures that may result in even greater losses. Egypt’s recent agreements with world powers and global financial institutions show that Cairo aims to secure multibillion-dollar foreign loans. In order to obtain the loans, the government plans to reduce the foreign currency deficit and meet the conditions imposed by the International Monetary Fund.  Resorts and migrants At the end of March 202

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