CAIRO, Dhu-AlQa'dah 8, 1437, Aug 11, 2016, SPA -- The International Monetary Fund said Thursday it will grant Egypt a $12 billion loan over three years to help the Arab world's most populous country mend its ailing economy, according to Reuters. The IMF said the loan, which is subject to approval by its executive board, comes in support of a government reform program that aims to stabilize Egypt's currency, reduce the budget deficit and government debt, as well as boost growth and create jobs. "Egypt is a strong country with great potential but it has some problems that need to be fixed urgently," it said in a statement, adding that planned government measures include tax increases and cuts in energy subsidies. --SPA 18:39 LOCAL TIME 15:39 GMT www.spa.gov.sa/w