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Egypt has not asked IMF to increase loan

  • Egypt: Monday, April 15 - 2013 at 04:59

Hisham Ramezm, the governor of the Egyptian central bank has said the government has not asked the International Monetary Fund (IMF) to increase a $4.8bn loan, Reuters has reported. The governor said that Egypt could still request an increase of $1bn on the loan if the maturity period was extended to more than 30 months from the 22 months agreed last November.

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