Egypt receives $2.77 bln in IMF emergency financing

Egypt receives $2.77 bln in IMF emergency financing
The IMF had approved the funds on Monday in an effort to help Egypt to contend with the new coronavirus pandemic that has brought tourism to a standstill. (AFP)
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Updated 12 May 2020

Egypt receives $2.77 bln in IMF emergency financing

Egypt receives $2.77 bln in IMF emergency financing
  • The IMF had approved the funds on Monday in an effort to help Egypt to contend with the new coronavirus pandemic that has brought tourism to a standstill

CAIRO: Egypt has received $2.77 billion in emergency financing from the International Monetary Fund, its state news agency reported on Tuesday, citing a senior central bank source.
The IMF had approved the funds on Monday in an effort to help Egypt to contend with the new coronavirus pandemic that has brought tourism to a standstill and triggered capital flight.