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Egypt increases IMF loan from $3bn to $8bn for economic stability and private sector investment.
Egypt has agreed to increase a loan from the International Monetary Fund (IMF) from $3bn to $8bn, according to the country's Prime Minister, Mostafa Madbouly.
The deal aims to promote economic stability in Egypt by rationalizing spending and encouraging private sector investment.
The country will also receive a $1.2bn loan from a separate facility focused on environmental sustainability.
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Egipto aumenta el préstamo del FMI de 3.000 millones de dólares a 8.000 millones de dólares para la estabilidad económica y la inversión del sector privado.