IMF reaches staff-level agreement with Egypt for $820 million loan program extension.
The International Monetary Fund (IMF) has reached a staff-level agreement with Egypt on the third review of an extended loan program. This agreement allows Egypt access to approximately $820 million upon approval by the IMF's Executive Board. The loan program supports Egypt's efforts to restore macroeconomic stability, despite regional challenges like the war in Gaza and Red Sea shipping disruptions.
June 06, 2024
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