US EditionEgypt: IMF Highlights Egypt's Economic Recovery As It Approves Largest Tranche of Its $8b Program
- The International Monetary Fund has approved a disbursement of $1.2 billion to Egypt after completing the fourth review of its economic reform program, according to Finance Minister Ahmed Kouchouk.
- IMF Executive Director Mohamed Maait confirmed that Egypt will receive the funds shortly after the IMF Executive Board's approval on March 10.
- The IMF's support aims to help Egypt with economic reforms, including a flexible exchange rate and attracting foreign investment.
- In February, Egypt reported a drop in annual urban consumer price inflation to 12.8%, largely due to financial reforms from the IMF support program.
14 Articles
14 Articles
Egypt: IMF Highlights Egypt's Economic Recovery As It Approves Largest Tranche of Its $8b Program
The International Monetary Fund (IMF) recently commended Egypt's efforts to rebuild market confidence and stabilize the economy, citing a recovery in economic activity and progress in restoring foreign exchange reserves to adequate levels.
IMF approves $1.2 billion for Egypt after fourth review
CAIRO - The International Monetary Fund approved the disbursement of $1.2 billion to Egypt following completion of the fourth review of the country's $8 billion economic reform programme, after allowing Egypt to waive a primary budget surplus target. Read more at straitstimes.com.
IMF approves $1.2 billion disbursement to Egypt as part of financial support agreement
The International Monetary Fund (IMF) announced today that it has approved a disbursement of $1.2 billion (about 1.1 billion euros) to Egypt, following the completion of the fourth review of the African country's $8 billion (about 7.3 billion euros) economic reform program.
IMF approves $1.2 billion for Egypt after reform programme’s fourth review
The International Monetary Fund (IMF) has approved the disbursement of $1.2 billion to Egypt following the fourth review of the country's $8 billion economic reform program. Additionally, the IMF's executive board approved Egypt's request for an arrangement under the Resilience and Sustainability Facility (RSF), granting access to approximately $1.3 billion, the IMF statement said. Cairo has been seeking financing under the RSF since 2022, hopin…
Egypt Set to Receive $1.2 Billion as IMF Concludes Fourth Review
The International Monetary Fund (IMF) has completed the fourth review of Egypt’s loan program, unlocking a disbursement of USD 1.2 billion (EGP 60.8 billion), according to Finance Minister Ahmed Kouchouk. The announcement was made during the Finance Ministry’s annual iftar, but an official statement from the IMF is still awaited. IMF Executive Director for the Arab Group and Former Minister of Finance, Mohamed Maait, confirmed that Egypt will r…
Egypt Secures IMF Aid as Fuel Prices and Living Costs Soar
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt, part of an $8 billion bailout aimed at stabilizing the country’s struggling economy. The IMF also granted Cairo access to an additional $1.3 billion under the Resilience and Sustainability Facility. The grants come as Egyptians grapple with soaring inflation, fuel price hikes,… Read More »Egypt Secures IMF Aid as Fuel Prices and Living Costs Soar
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