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IMF and Egypt Reach Initial Deal for $820 Million Disbursement

Summary by Bloomberg
The International Monetary Fund and Egypt reached a preliminary agreement that should help unlock the next disbursement of the North African nation’s $8 billion loan.

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The International Monetary Fund announced that its experts reached a preliminary agreement with Egypt, based on which Cairo will receive a loan of $820 million...

·Greece
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IMF experts and the Egyptian authorities have reached an expert-level agreement on a set of comprehensive policies and reforms needed to complete the third review within the framework of the “Extended Fund Facility” agreement. The International Monetary Fund (IMF) said in a statement that subject to the approval of the Fund's Executive Board, Egypt will be able to obtain about 820 million dollars (618.1 million Special Drawing Rights Units). [..…

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alborsaanews.com broke the news in on Thursday, June 6, 2024.
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