{"id":436557,"date":"2011-06-05T14:25:59","date_gmt":"2011-06-05T14:25:59","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/05\/imf-agrees-finance-deal-for-egypt\/"},"modified":"2011-06-05T14:25:59","modified_gmt":"2011-06-05T14:25:59","slug":"imf-agrees-finance-deal-for-egypt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/05\/imf-agrees-finance-deal-for-egypt\/","title":{"rendered":"IMF agrees finance deal for Egypt"},"content":{"rendered":"<p><div readability=\"54.4548837209\"><span><span>5 June 2011<\/span> <span>Last updated at<\/span> <span>10:25 ET<\/span><\/span><\/p>\n<p>The International Monetary Fund (IMF) has agreed a $3bn (\u00a31.8bn) loan deal with the interim government in Egypt.<\/p>\n<p>The IMF praised the government&#8217;s attempts to stabilise the economy since the uprising that toppled President Hosni Mubarak in February.<\/p>\n<p>The uprising scared away tourists and investors and cut tax revenues, which has left the government short of cash.<\/p>\n<p>The deal must still be approved by the IMF&#8217;s board and Egypt&#8217;s cabinet and military council.<\/p>\n<p>Last week, the government approved its 2011-12 budget, which raised spending by a quarter.<\/p>\n<p>Much of the increased spending went on helping low-income households.<\/p>\n<p>The growing gap between rich and poor was one of the factors that sparked the protests in February.<\/p>\n<p>The IMF praised the budget, saying it went, &#8220;in the right direction of supporting economic recovery, generating jobs and assisting low income households, while maintaining macroeconomic stability&#8221;.<\/p>\n<\/div>\n<\/p>\n<p>Originally posted here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-13661096\" title=\"IMF agrees finance deal for Egypt\" rel=\"noopener noreferrer\">IMF agrees finance deal for Egypt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 5 June 2011 Last updated at 10:25 ET The International Monetary Fund (IMF) has agreed a $3bn (\u00a31.8bn) loan deal with the interim government in Egypt. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-436557","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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