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#egypt import ban

As of 27 October 2022, the International Monetary Fund (IMF) and Egypt have reached an agreement for EGP 68 billion (USD 3 billion), according to an IMF press release. The loan comes in the form of a staff-level agreement to implement comprehensive economic policies and reforms for a 46-month period during Egypt’s ongoing economic struggles. The agreement “aims to safeguard macroeconomic stability and debt sustainability, improve Egypt’s resilience to external shocks, strengthen the social safety net, and step-up reforms that…