Egypt’s economy after IMF loans

Lesson Brief CNBC Arabia
On November 23, CNBC Arabia reported on the possible shape of the Egyptian economy after it receives the first tranche of an $12 billion IMF loan that was approved on November 11. Egypt is in urgent need of the loan due to high unemployment rates, high inflation, and a chronic budget deficit. The loan will be dispersed alongside structural reforms to Egypt's economy that are expected to gradually increase its performance. The attached video is a transcript of the article for this set. Suggested Set: Egypt repays Qatar $1 billion in outstanding debt
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