Billion

Egypt Gets $2.77 Billion IMF Loan as Coronavirus Hurts Economy

LONDON—The Worldwide Monetary Fund accredited a $2.77 billion personal loan to Egypt in an attempt to reduce economic collapse in the Center East’s most populous nation amid the coronavirus pandemic.

The personal loan acceptance Monday will come as the IMF commences to bail out a swath of nationwide economies that have been devastated by the sickness. A lot more than 90 countries, or almost 50 percent the worldwide full, have inquired about probable IMF funding considering that the pandemic started.

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