Sunday 5 June 2011

BBC News - IMF agrees $3bn financing deal with Egypt

The International Monetary Fund (IMF) has agreed a $3bn (£1.8bn) loan deal with the interim government in Egypt.

The IMF praised the government's attempts to stabilise the economy since the uprising that toppled President Hosni Mubarak in February.

The uprising scared away tourists and investors and cut tax revenues, which has left the government short of cash.

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