A senior official from the International Monetary Fund has been meeting the Egyptian government for talks about a loan that is crucial for the country's economic health.
The on-going political crisis there has sent the Egyptian pound plummeting in value, and that has been depleting foreign currency reserves.
Now they are talking about a 3.7-billion euro loan to contain the crisis.
The IMF's Middle East and Central Asia director Masood Ahmed is in the country for a series of top level meetings.
The Federation of Egyptian Chambers of Commerce said that the European Union will provide several billion dollars in grants and softy loans to the country once Egypt has signed its ... Read more »