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Egypt homing in on 3.7 billion euro IMF loan

2013-04-05 65 Dailymotion

Egypt is closing to sealing a 3.7 billion euro loan from the International Monetary Fund.

After years of political turmoil and plunging foreign currency reserves, the country is now struggling to buy wheat and fuel.

But Cairo must convince the IMF it can boost growth and slash the budget deficit.

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http://www.euronews.net/