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Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analysts say has been used to plug widening budget deficits.
CAIRO (Reuters) - Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analysts say has been used to plug widening budget deficits.
(Bloomberg) -- Pakistan won final approval to borrow $3 billion from the International Monetary Fund, unlocking long-awaited lending that will help ease the nation’s dire need for cash and rescue its economy. Dollar bonds rallied.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsS
Pakistan is one of the biggest customers of the IMF with about two dozen bailouts since the 1950s.
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