World

As Egypt Negotiates IMF Loan, Food And Fuel Prices Soar

NPR | April 4, 2013 11:30 a.m. | Updated: April 4, 2013 8:12 p.m.

Contributed By:

Leila Fadel

A delegation from the International Monetary Fund is in Cairo to negotiate a $4.8 billion loan to Egypt. The country’s economy is on the brink of collapse. Economists say without the loan, the government will be unable to purchase badly needed imports of fuel and wheat.

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