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| Africa North | |
| IMF proposes $3bn financing deal with Egypt | |
| 2011-06-07 | |
| The IMF praised the government's attempts to stabilise the economy since the uprising that toppled President Hosni Mubarak in February. The deal must still be approved by the IMF's board and Egypt's cabinet and military council. Last week, the government approved its 2011-12 budget, which raised spending by a quarter. Much of the increased spending went on helping low-income households.
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| Posted by:trailing wife |
| #2 What on earth are the IMF lordlings thinking! "If we can keep up the jive long enough, we can take our winnings off the table and go home." |
| Posted by: Anguper Hupomosing9418 2011-06-07 13:06 |
| #1 That's 2 - 4 months food imports for Egypt. |
| Posted by: g(r)omgoru 2011-06-07 12:17 |