
Egypt's Currency Crisis!
Patrick Boyle On Finance
The Importance of the IMF Loan to Egypt
In mid-2016, a severe foreign exchange shortage began to cripple Egypt's economy. As a precondition to securing IMF approval, Egypt needed to raise $6 billion in external funds. The three-year $12 billion IMF loan to Egypt was packaged with a reform agenda that focused on monetary, fiscal, and structural reforms.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.