The IMF Approves A $12.5 Billion Loan To Egypt
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The IMF Approves A $12.5 Billion Loan To Egypt

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Added by Headlines Africa in Egypt
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The IMF has approved a $12.5 billion loan to Egypt. The north African country had requested the money to overcome an acute economic crisis, from 5 years of political turmoil. Foreign reserves had dropped by two thirds since 2011. The government is seeking aid to help rebuild its shattered economy. Yasser Hakim looks at what's next for Egypt, after receiving the loan

Tags: egypt, imf, loan

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