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


    YOU MIGHT ALSO LIKE

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.