IMF says deal reached on $4.8 bn loan for Egypt
World BusinessNov 20, 2012
WASHINGTON (AFP) -- The International Monetary Fund said Tuesday it had reached a deal with Egyptian authorities on a 22-month loan totaling some $4.8 billion to help the country overcome economic difficulties.The staff-level agreement is expected to be submitted to the IMF's executive board for approval in a few weeks, a statement said."The Egyptian authorities have developed a national program that seeks to promote economic recovery, address the country's fiscal and balance of payments deficit