LBCI

Egypt, IMF sign an agreement for an eight billion dollar loan

Middle East News

06-03-2024 | 10:37

Share

Share

Egypt, IMF sign an agreement for an eight billion dollar loan

The International Monetary Fund agreed on Wednesday to a long-awaited loan for Egypt worth eight billion dollars, an increase from the previously discussed three billion dollars.

The agreement was signed after the Egyptian pound was devalued to an unprecedented low of 49 pounds to the dollar, down from around 30.85 pounds.

Adopting a more flexible exchange rate was a key demand in the International Monetary Fund support program.

Reuters

Middle East News

Egypt

IMF

Agreement

Loan

Next

Israel says it 'will enforce' ban on 37 NGOs in Gaza

Recommended For You

Israel wants 'more serious' talks with Lebanon: AFP

Middle East News

11:48

Israel wants 'more serious' talks with Lebanon: AFP

Trump says will 'soon' declare Hormuz strait US territory

07:15

Trump says will 'soon' declare Hormuz strait US territory

Houthis say they targeted Saudi Aramco oil facility with drone

Middle East News

14:07

Houthis say they targeted Saudi Aramco oil facility with drone

Israel calls for police to replace military in handling West Bank settlers

Middle East News

2026-08-14

Israel calls for police to replace military in handling West Bank settlers

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Ukraine reports mass power outages due to 'technical malfunction'

2026-01-31

Ukraine reports mass power outages due to 'technical malfunction'

Russia to mark war anniversary with parade, but no equipment

2026-04-29

Russia to mark war anniversary with parade, but no equipment

Israeli strike on town in east Lebanon kills six, including four children

2026-03-07

Israeli strike on town in east Lebanon kills six, including four children

Pakistan bombs Kabul in 'open war' on Afghanistan's Taliban government

2026-02-27

Pakistan bombs Kabul in 'open war' on Afghanistan's Taliban government

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

1

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

2

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

3

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

Health Ministry: Seven killed, including three children and two women, in Israeli strike on Ansar

4

Health Ministry: Seven killed, including three children and two women, in Israeli strike on Ansar

Six killed, two injured in airstrike in southern Lebanon as displacement reported in Nabatieh

5

Six killed, two injured in airstrike in southern Lebanon as displacement reported in Nabatieh

Waste crisis or new tax? Lebanon’s environmental fee raises questions

6

Waste crisis or new tax? Lebanon’s environmental fee raises questions

Hezbollah blames Netanyahu for escalation after strikes kill 11 in south Lebanon

7

Hezbollah blames Netanyahu for escalation after strikes kill 11 in south Lebanon

Israel says Lebanon strikes a response to Hezbollah ceasefire violation

8

Israel says Lebanon strikes a response to Hezbollah ceasefire violation

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More