The World Bank plans to provide $6 billion in financial support to Egypt. The IMF is lending nearly a record amount to almost 100 countries, totaling $150 billion, to counter debt and wars. Egypt has received significant financial aid, including an $8 billion aid package from the EU and an increased $8 billion credit line from the IMF, in addition to the World Bank's $6 billion assistance over 3 years.
IMF global lending: • Total outstanding = $150 bn, a near record • Number of countries ~100 • Top 2 borrowers alone -- Argentina & Egypt -- account for a combined $58 bn • Big borrowers tend to overlap with US political priorities https://t.co/VaWrA0nNjh https://t.co/hL0xnEsjPk
The financial aid announced for cash strapped Egypt in less than a month: • $8 billion aid package by the EU •. IMF increased its $3 billion credit line to $8 billion • World Bank to provide $6 billion in 3 years • $35 billion property development by the United Arab… https://t.co/EkALoO7By2
IMF is lending near record $150 billion to counter debt and wars https://t.co/xiuw5GHC57 via @EMPosts https://t.co/WoFmdPHY3X
The IMF is lending near a record amount to almost 100 countries, evidence of its growing role as a backstop against the financial and political dangers of the post-pandemic world. A new @business @economics dive into data from the lender of last resort. https://t.co/iHfpcOWQqq
The IMF is lending near a record amount to almost 100 countries, evidence of its growing role as a backstop against the dangers of the post-pandemic world https://t.co/t46PTrI8tD
World Bank plans $6 billion of financial support for Egypt https://t.co/53Gp4vmVX9