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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
http://www.rantburg.com/poparticle.php?ID=472942