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Egypt asks for IMF support to help it weather Ukraine crisis soaring grain and oil prices added

Egypt is the world’s biggest wheat importer and has a subsidised bread programme which feeds 70mn people © AP

Egypt has asked for support from the IMF, the fund said, as the country struggles to weather the economic impact of Russia’s invasion on Ukraine.

Cairo is facing mounting pressures on its public finances as Moscow’s assault in Kyiv has sent grain prices soaring and increased the price of oil. Egypt is the world’s bi