Egypt increases IMF loan from $3bn to $8bn for economic stability and private sector investment.

Egypt has agreed to increase a loan from the International Monetary Fund (IMF) from $3bn to $8bn, according to the country's Prime Minister, Mostafa Madbouly. The deal aims to promote economic stability in Egypt by rationalizing spending and encouraging private sector investment. The country will also receive a $1.2bn loan from a separate facility focused on environmental sustainability.

March 06, 2024
22 Articles