Egyptian Parliament Deals Blow to IMF Loan

Egypt’s parliament halted its reading of a new income tax law on Monday, saying the government had not shown who would be affected by the measure that is needed to secure a badly needed $4.8 billion IMF loan.

Lawmakers criticized the government’s competence in drafting the legislation, adding to uncertainties about the IMF deal just days after a deputy finance minister who was a key negotiator with the International Monetary Fund resigned.
Speaker of the upper house of …

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