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Trade : Egypt seeks $400 million to buy Ukrainian wheat

Egypt is in talks with the Abu Dhabi Fund for Development (ADFD) for a $400 million loan. This is the announcement of Ali Moselhy, Egyptian Minister of Supply. The payment will be made in 4 installments of $100 million. This announcement comes in a context where the country has been facing a shortage of dollars for several months and a sharp rise in inflation driven by soaring food prices. 

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