Sabry says Govt. must go to IMF, WB, ADB | Daily FT
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Daily Financial Times

Says no other solution than approaching these agenciesSays must seek immediate bailout, moratorium or bridging finance arrangementAsks Opp. to lend its expertise at time of dire national needFormer Justice Minister Ali Sabry said yesterday he sees no other solution than going to the International Monetary Fund (IMF) , World Bank and the Asian Development Bank to overcome the current economic crisis . “We must go for an immediate bail out, a moratorium or bridging finance agreement. There is an International Sovereign Bond (ISB) of $ 1 billion maturing in July and we have to pay that. We must a…

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