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Egypt reaches IMF staff-level agreement, taking total funding to $7.2bn
RIYADH: Egypt reached a staff-level agreement with the International Monetary Fund that could unlock another $1.64 billion in funding, taking total program disbursements to about $7.2 billion. The agreement covers the seventh review under the Extended Fund Facility and the second review under the Resilience and Sustainability Facility. Once approved by the IMF Executive Board, Egypt will receive approximately $1.5 billion under the EFF and an additional $136 million under the RSF, according to an IMF statement.
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cryptobriefing.com
IMF and Egypt reach preliminary deal to unlock $2B in financing
The IMF and Egypt completed fifth and sixth reviews of the $8 billion Extended Fund Facility, unlocking roughly $2 billion in new financing for Cairo.
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africa.businessinsider.com
Africa’s largest IMF borrower nears $1.6 billion IMF payout as reforms steady economy despite Middle East shocks
Egypt has reached a staff-level agreement with the IMF that could unlock about $1
