An IMF technical delegation will arrive in Egypt Wednesday to discuss a $4.8B loan. Political...

|By:, SA News Editor

An IMF technical delegation will arrive in Egypt Wednesday to discuss a $4.8B loan. Political and economic crises have hurt tourism and drained foreign currency reserves, with the latter affecting the government's ability to import wheat and fuel. Egyptian pound forwards hit their lowest levels on record in March and the M2 money supply rose 15.4% for the year ended February.