The International Monetary Fund said on Thursday that it has completed two reviews of some facilities for Egypt, allowing Cairo to access about $1.8 billion.
Prime Minister Mostafa Madbouly has welcomed the outcome, describing it as a renewed vote of confidence in the country's economic reform programme.
He said the global lender praised the government's policy response, including exchange rate flexibility, energy price reforms, and fiscal discipline.
After completing the seventh review, this will now unlock about $1.5 billion under the IMF's 48-month loan programme.
Egypt will also have access to some $272 million under the Resilience and Sustainability Facility.
