IMF says it is releasing $2.3 billion to Egypt after reforms help to stabilize the economy
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CAIRO (AP) — The International Monetary Fund says it allowing Egypt to draw on about $2.3 billion from an earlier approved loan, noting that the country has made progress in restoring economic stability and reducing inflation as part of a reform program. The IMF said in a statement Wednesday that the decision to release the funding followed reviews of the government reforms, which it credited with bringing about “a broad-based economic recovery” in the world’s most populous Arab country. It
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