IMF: Delay Vote on Loan to Egypt

Click to expand Image An Egyptian vendor walks past a poster showing a US dollar outside an exchange office in Cairo, Egypt, November 2016. © AP Photo/Amr Nabil (Washington, DC) – The International Monetary Fund (IMF) should delay a vote on a US$5.2 billion loan to Egypt scheduled for June 26, 2020 until robust anti-corruption requirements are included in the program and the loan terms are public, eight human rights and good governance groups said yesterday in a letter to the IMF executive directors. On June 5, the Egyptian government reached an agreement with the IMF for a $5.2 billion…

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