Egypt seeks to boost IMF loan to over $5 billion – Bloomberg News

(Reuters) – Egypt is in talks with the International Monetary Fund on augmenting its rescue program to more than $5 billion, Bloomberg News reported on Friday, citing people familiar with the discussions.

Any announcement on a potential increase from the $3 billion secured last year would only come after Egypt completes its two delayed program reviews, the report said, adding that no decision on this has yet been made.

(Reporting by Jose Joseph in Bengaluru; Editing by Sharon Singleton)