Egypt

Officials of the International Monetary Fund (IMF) said they considered the privatization of the Egyptian state-owned banks not important as the country's banking system depends largely on these banks' power and competition, on the contrary the privatization may yield adverse outcomes if the government gives up these significant tool in controlling the monetary policy.

Egypt's legal, political and social climate encourages the use of torture during detention and leaves victims without adequate means of redress, an Egyptian human rights group said on Monday.

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