IMF Reaches Staff Level Agreement on the Fourth Review of the …
3 days ago · IMF staff and the Egyptian authorities have reached staff-level agreement on the fourth review under the Extended Fund Facility (EFF) arrangement. Subject to approval by the Executive Board, Egypt will have access to about $1.2 billion (SDR 922.87 million). In light of the difficult external ...
IMF, Egypt reach deal to unlock $1.2bn to shore up strained public ...
3 days ago · The International Monetary Fund (IMF) has announced that it has reached an agreement with Egypt to unlock about $1.2bn in funds to prop up the country’s troubled finances. The Washington, DC ...
Egypt, IMF Reach Initial Deal for $1.2 Billion Loan Tranche
3 days ago · Egypt and the International Monetary Fund reached a preliminary deal that would likely unlock a further tranche of the North African nation’s $8 billion loan. The staff-level agreement ...
Arab Republic of Egypt and the IMF
Listed below are items related to Arab Republic of Egypt. This web page provides information on official IMF reports and Executive Board documents in English that deal with Egypt.
IMF grants Egypt initial approval of $1.2 bln fourth review
4 days ago · 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 ...
IMF confirms increasing Egypt’s bailout loan to $8 billion - AP News
Mar 30, 2024 · CAIRO (AP) — The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country’s economy which is hit by a staggering shortage of foreign currency and soaring inflation.
I.M.F. Agrees to Much Larger Rescue Package for Egypt
Mar 6, 2024 · The International Monetary Fund has agreed to more than double a bailout package for Egypt, which is going through its worst economic crisis in decades, exacerbated by war in the...
Egypt signs expanded $8 billion loan deal with IMF | Reuters
Mar 6, 2024 · The International Monetary Fund (IMF) said on Wednesday it would increase its current loan programme with Egypt by $5 billion, as the central bank let the pound plummet and said it would...
IMF Staff and the Egyptian Authorities Reach Staff Level …
Mar 6, 2024 · International Monetary Fund (IMF) staff and the Egyptian authorities have reached staff level agreement on a set of comprehensive policies and reforms needed to complete the first and second reviews under the Extended Fund Facility (EFF) arrangement.
Egypt strikes expanded $8bn deal with the IMF | International Monetary ...
Mar 6, 2024 · The new agreement announced on Wednesday is an expansion of the $3bn, 46-month Extended Fund Facility that the IMF struck with Egypt back in December 2022, which was predicated on the shift to...