Egypt's Currency Crisis!
Patrick Boyle On Finance
00:00
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.
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