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Egypt bets on old loans and rollovers as it prepares to exit $8bn IMF deal
Egypt says it will not seek a new International Monetary Fund (IMF) programme when its $8bn arrangement expires on December 15. But much of the financing being assembled to fill the gap comes from earlier commitments rather than newly agreed loans. Cairo has recently signed a previously approved $1bn World Bank loan and advanced the ratification of an older $170mn African Development Bank (AfDB) facility. A final €1.5bn ($1.68bn) EU instalment remains conditional, while a reported $5.3bn Saudi deposit rollover would defer repayment rather than provide fresh money. [...]