IMF to approve payment of further $2 bln to Egypt -statement

The International Monetary Fund (IMF) said on Thursday it was to approve the payment of a further $2 billion of a $12 billion loan to Egypt as the country undertakes tough economic reforms, a statement said.

A fruit vendor waits for customers in Tawfiqia market in downtown Cairo, Egypt. Source: AP Photo/Nariman El-Mofty