IMF cuts 2023 growth outlook, noting judicial uncertainty could lead to severe financial conditions, hamper investment and consumption; S&P set to affirm credit rating outlook
Fund's delegation fears country faces 'never-ending crisis,' as Beirut struggles to approve changes to unlock $3 billion conditional loan to salvage freefalling economy
Support granted in exchange for financial reforms; nation hit hard by pandemic and is world’s largest wheat importer, most of which came from Russia and Ukraine
State media says expansion will allow Cairo to open 'new financing channels with regional and international organizations,' assist in sealing preliminary $3 billion deal with IMF
Hours before announcement of agreement, central bank hikes key interest rates by 2%, implements more flexible exchange rate system, as Cairo commits to initiate reforms
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