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On Sunday 16 October, the Egyptian Ministry of Finance and the Central Bank of Egypt (CBE) announced a “staff-level agreement” between Egypt and the International Monetary Fund (IMF). The agreement entails structural and financial details on Egypt’s new IMF-backed economic reform program. The final announcement is expected to follow “soon”, noted the Ministry of Finance. This agreement came after the IMF and the World Bank Group’s annual meeting in Washington DC, which was held between 10 and 16 October. Egypt…