Egypt says formally requests $4.8 bln IMF loan
None
Egypt has formally requested a $4.8 billion loan from the International Monetary Fund, a spokesman for its president said on Wednesday during a visit to Cairo by IMF chief Christine Lagarde to discuss support for the country's ailing economy.
Egypt's finance minister said last week Cairo would discuss the possibility of the bigger-than-expected loan from the fund. Egypt's previous government had requested a $3.2 billion package but the deal was not finalised. (Reuters)
