IMF approves $12 billion loan to aid Egypt’s struggling economy
[IsraelTimes] Fund to release $2.75 billion immediately, while further disbursements will depend on country’s economic performance.
They need that money -- Saudi Arabia has cut off oil deliveries as well as not delivered promised donations and investments. With the assumption that oil income is permanently reduced, spending decisions become starker. |
Posted by: trailing wife 2016-11-12 |