The IMF says that it will help Egypt secure the additional $5-6bn of bilateral aid that has to be raised before the fund can approve the $12bn three-year Extended Fund Facility (EFF) promised to Egypt last month (MEES, 19 August).

IMF Managing Director Christine Lagarde says the fund is in the process of tapping senior officials from a number of countries including Egypt’s traditional Gulf benefactors to “chip in.” (CONTINUED - 879 WORDS)