IMF conditionally approves next tranches of Egypt’s $8bn loan

IMF conditionally approves next tranches of Egypt’s $8bn loan

The International Monetary Fund (IMF) has expressed its readiness to release the fifth and sixth instalments of Egypt's $8 billion loan before the end of 2025, The New Arab's Arabic language edition has reported on Friday. The decision to release the last instalments of the loan, which are worth $1.7 billion, follows a week of arduous negotiations between Egypt and the IMF at the financial institution's annual meeting with the World Bank in Wash…