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Egypt Reaches Preliminary Deal For $4.8 Bln Imf Loan


Ron Burgundy
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2012-11-20T122610Z_1_AJOE8AJ0YJQ00_RTROPTP_2_OZATP-EGYPT-IMF-20121120.JPGCAIRO (Reuters) - Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a $4.8 billion loan, a minister said on Tuesday. The deal is seen as a vital step for shoring up Egypt's battered finances and rebuilding the confidence of investors, who have been looking to the IMF to give its seal of approval to the government's economic programme. ...

 

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