IMF lends struggling Egypt $3 billion

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The Ministry of Energy writes this rejoinder in response to the baseless and unfounded allegations of corruption published in an online-subscription-only publication named African Energy Intelligence and reproduced by the Statesman newspaper of May 27, 2011 with the above caption.

[unable to retrieve full-text content]The International Monetary Fund has tentatively agreed to lend $3 billion to Egypt to support the country’s economy for the next year, the IMF announced Sunday.

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IMF lends struggling Egypt $3 billion