Egyptian Authorities Deny Requesting Increase in IMF Loan Tranche ...Egypt

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Egyptian Authorities Deny Requesting Increase in IMF Loan Tranche
source : Egyptian Streets ( Egypt ) () 62
Egyptian authorities have not requested an increase in the fourth tranche of the International Monetary Fund (IMF) loan to USD 2 billion (EGP 98.4 billion), the Cabinet Media Center announced on Tuesday, 12 November, refuting claims circulating in some media outlets. According to the statement, recent reports attributed to senior government officials suggesting that Egypt sought an increase from USD 1.3 billion (EGP 64 billion) to USD 2 billion (EGP 98.4 billion) are “completely baseless.” The Cabinet clarified that these claims are an attempt to spread confusion through rumors and misinformation among citizens. Additionally, the Cabinet urged media outlets to verify information through offi

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