I.M.F. Lends $12 Billion to Egypt to Fix Ailing Economy

[news]

The International Monetary Fund agreed to grant Egypt the loan over three years to help stabilize its currency and reduce its budget deficit.

More... (http://www.nytimes.com/2016/08/12/world/middleeast/egypt-imf-loan.html?partner=rss&emc=rss)