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Egypt Restarts Loan Discussions With IMF, Waits On Further Arab Aid
Published on Monday, 31 Oct 07:00 am
Noting on 25 October that local lenders in Egypt had nearly reached the maximum they can lend to cover the country’s budget deficit and help ease its worsening liquidity situation, Egyptian Minister of Finance Hazim al-Biblawi said that the government would now have to seek funds from abroad.
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