IMF grants Egypt initial approval of $1.2bn on 4th review

IMF grants Egypt initial approval of $1.2 bln fourth review
The International Monetary Fund said on Wednesday it reached a staff-level agreement on the fourth review under the Extended Fund Facility arrangement with Egypt.
Egypt secures IMF staff-level approval for $1.2bn funding in fourth review
The agreement includes recalibrating Egypt's fiscal commitments to create space for critical social programmes benefiting vulnerable groups and the middle class, while ensuring debt sustainability
Egypt, IMF reach initial deal for US$1.2bil loan tranche
Egypt and the International Monetary Fund (IMF) have reached a preliminary deal that would likely unlock a further tranche of the North African nation’s US$8bil loan.
IMF grants Egypt initial approval of $1.2 billion fourth review
The International Monetary Fund said on Wednesday it reached a staff-level agreement with Egypt on the fourth review under its Extended Fund Facility arrangement, potentially unlocking a $1.2 billion disbursement under the programme.
IMF, Egypt Reach Deal Unlocking $1.2 Bn
The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the country access to about $1.2 billion.
Egypt reaches staff level agreement with IMF for $1.2bn funding
The International Monetary Fund on Tuesday reached an agreement with Egypt, allowing the country to access about $1.2 billion, subject to approval by the executive board. This follows the IMF staff-level agreement on the fourth review under the Extended Fund Facility (EFF) arrangement.
Egypt, IMF Reach Initial Deal for $1.2 Billion Loan Tranche
Egypt and the International Monetary Fund reached a preliminary deal that would likely unlock a further tranche of the North ...
Al Jazeera on MSN3d
IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances
Washington-based lender says Cairo agreed to raise tax-to-revenue ratio and accelerate divestment of state-owned firms.
Egypt will have access to $1.2 billion subject to IMF board approval, fund says
The International Monetary Fund said on Wednesday it reached a staff-level agreement on the fourth review under the Extended ...
Al Bawaba News3d
IMF, Egypt finalize $1.2 Billion loan agreement
ALBAWABA - As part of a $8 billion loan deal, Egypt and the International Monetary Fund (IMF) have agreed a staff-level ...
International Monetary Fund4d
IMF Reaches Staff Level Agreement on the Fourth Review of the Extended Fund Facility with Egypt
An International Monetary Fund mission led by Ivanna Vladkova Hollar held in-person discussions with the authorities during November 6-20 and virtually thereafter. At the conclusion of the discussions ...
Egypt, IMF Reach Staff Level Agreement For $1.2Bn
Madbouly noted that Ivanna Vladkova Hollar, head of the IMF mission to Egypt, confirmed an agreement at the expert level ...
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Nigeria Missing as Egypt, Kenya, Others Top African Countries With Highest Debt to IMF in 2024
When African nations accumulate significant debt with the IMF, they are frequently forced to enact strict economic reforms ...
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IMF grants Egypt initial approval of US$1.2bil fourth review
A sharp decline in Suez Canal revenue, caused by regional tensions over the last year, compounds its economic woes.
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Egypt Ends Bank IPO Dearth
During the bell-ringing ceremony, Central Bank of Egypt (CBE) Governor Hassan Abdalla emphasized the significance of the ...