1st LD: Egypt signs agreement with IMF to increase loan from 3 to 8 bln USD

CAIRO, March 6 (Xinhua) -- Egypt signed a financing agreement on Wednesday with the International Monetary Fund (IMF) to increase an initial 3 billion U.S. dollars loan deal to 8 billion dollars, Egyptian Prime Minister Mostafa Madbouly announced at a press conference.

As part of the agreement, Egypt will also receive a loan of about 1.2 billion U.S. dollars from a separate facility that promotes environmental sustainability, Madbouly said.