less than three weeks after their government implemented further economic"reforms" to satisfy the conditions attached to the additional bailout loan it secured from IMF earlier this month.
On March 6, Egypt secured a deal with the IMF, which agreed to cough up another USD 5 billion, increasing its bailout program ongoing since 2022 from a loan of The IMF, however, commended the"accelerated pace" at which this public sector is shrinking, especially since mid-2023 when Egypt's government announced thethis move on the day after the announcement of this sale in July 2023, explaining that"the gradual withdrawal of the state from economic activity", i.e. the elimination of the public sector, is a"critical component" of its"program".
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