Egypt requests IMF to conduct an economic program as the economy is in pressure by Ukraine's disruption

Egypt is under economic pressure after Russia's invasion of Ukraine, which encouraged foreign investors to exit emerging markets as the changing global environment and the war in Ukraine are posing important challenges for countries around the world.
The government on Monday declared a 130 billion Egyptian pound ($7.05 billion) economic relief package.
On Monday the Egyptian pound declined by 14% after it had remained little changed since November 2020 and on Wednesday, the currency appreciated slightly to 18.32 pounds to the dollar.

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