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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.
No way Egypt will be able to pay it back. What on earth are the IMF lordlings thinking!
Posted by:trailing wife

#2  comments); ?>werwer
Posted by: Anguper Hupomosing9418   2011-06-07 13:06  

#1  comments); ?>werwer
Posted by: g(r)omgoru   2011-06-07 12:17  

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