IMF Managing Director Kristalina Georgieva expects the completion of Egypt’s loan reviews in a matter of weeks. This will allow Egypt to receive the second tranche of a $5.2 billion loan package. Georgieva praised Egypt’s commitment to economic reforms despite the challenges posed by the COVID-19 pandemic.
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US aircraft carrier collides with merchant ship in Mediterranean
The USS Harry S. Truman aircraft carrier collided with the Besiktas-M merchant vessel in the Mediterranean Sea near Port Said, Egypt. The collision did not result in any injuries or flooding on the carrier, and its propulsion plants remain unaffected. The incident is currently under investigation, and the condition of the Besiktas-M was not mentioned in the statement. Full Article
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