Egypt discusses $4.8bn loan with IMF

Country faces budget deficit of about $22bn after its assets dropped by half following uprising.

    A team from the International Monetary Fund is in Egypt to discuss a $4.8bn loan.

    The country is facing a budget deficit of about $22bn after Egyptian assets dropped by half since the revolution that brought down Hosni Mubarak.

    Al Jazeera's Mike Hanna reports from Cairo.

    SOURCE: Al Jazeera


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