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IMF managing director Kristalina Georgieva said on Oct. 3 that Egypt and the fund were close to a deal. Egypt's newly appointed central bank governor, Hassan Abdalla, and long-servicing finance minister Mohamed Maait are leading the talks in Washington, where a number of countries squeezed by global pressures are seeking support. The central bank has been tapping into its own reserves and borrowing from local banks to support the pound against the dollar. As of the end of June, the government had a total of $155.7 billion in foreign debt. Egypt had made good progress on three likely IMF demands, said James Swanston of Capital Economics.
CNN —In a new study, researchers say that the experiences of residents of Flint, Michigan, show that environmental disasters like the water crisis can have long-term consequences for mental health. Flint residents reported changes to the water’s color, smell and taste soon after the city turned to the Flint River as a water source in April 2014. Researchers found that 1 in 5 Flint residents met the criteria for presumptive major depression, 1 in 4 for presumptive post-traumatic stress disorder (PTSD) and more than 1 in 10 for both disorders. Eight years after the water crisis began in Flint – even with new pipes and a different water source – some city residents recently told CNN they still don’t trust the water. In a statement, the Mississippi Department of Mental Health said community mental health centers can provide therapy, peer support and intensive outpatient programs for people in need of psychiatric care and substance abuse treatment.
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