IMF Approves $2.3 Billion Disbursement for Egypt After Latest Reviews

IMF Approves $2.3 Billion Disbursement for Egypt After Latest Reviews

The International Monetary Fund (IMF) Executive Board has completed the fifth and sixth reviews of Egypt’s Extended Fund Facility (EFF) programme, alongside the first review under the Resilience and Sustainability Facility (RSF), allowing Egypt to draw around USD 2.3 billion (EGP 110.3 billion), according to an IMF statement. The approval enables Egypt to immediately access approximately USD 2 billion (EGP 95.9 billion) under the EFF and USD 273…

IMF says it is releasing $2.3 billion to Egypt after reforms help to stabilize the economy

The IMF is letting Egypt tap about $2.3 billion more from its loan program after it says reforms are steadying the economy