IMF grants Egypt initial approval of $1.2 billion 4th review

IMF grants Egypt initial approval of $1.2 billion fourth review
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 billion disbursement under the programme.
Egypt, IMF Reach Initial Deal for $1.2 Billion Loan Tranche
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.
IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances
Washington-based lender says Cairo agreed to raise tax-to-revenue ratio and accelerate divestment of state-owned firms.
Egypt will have access to $1.2 billion subject to IMF board approval, fund says
The International Monetary Fund said on Wednesday it reached a staff-level agreement on the fourth review under the Extended Fund Facility arrangement with Egypt. Subject to approval by the executive board,
Egypt, IMF Reach Staff Level Agreement For $1.2Bn
Madbouly noted that Ivanna Vladkova Hollar, head of the IMF mission to Egypt, confirmed an agreement at the expert level between Egyptian officials and the IMF. Hollar emphasized that Egypt had continued to implement critical policies to ensure macroeconomic stability, even amid regional tensions and a significant drop in Suez Canal revenues .
Egypt secures IMF staff-level approval for $1.2bn funding in fourth review
The agreement includes recalibrating Egypt's fiscal commitments to create space for critical social programmes benefiting vulnerable groups and the middle class, while ensuring debt sustainability
IMF, Egypt finalize $1.2 Billion loan agreement
ALBAWABA - As part of a $8 billion loan deal, Egypt and the International Monetary Fund (IMF) have agreed a staff-level agreement to release $1.2 billio
IMF grants Egypt initial approval of $1.2bln fourth review
The IMF said Egypt's government had agreed to increase its tax-to-revenue ratio by 2% of gross domestic product over the next two years, with a focus on eliminating exemptions rather than increasing t
IMF, Egypt Reach Deal Unlocking $1.2 Bn
The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the country access to about $1.2 billion.
Egypt Holds Key Rate Even as Inflation Shows Signs of Easing
Egypt’s held its benchmark interest rate steady on Thursday, opting to keep it at a record high even as double-digit ...
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IMF Reaches Staff Level Agreement on the Fourth Review of the Extended Fund Facility with Egypt
An International Monetary Fund mission led by Ivanna Vladkova Hollar held in-person discussions with the authorities during November 6-20 and virtually thereafter. At the conclusion of the discussions ...
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Nigeria Missing as Egypt, Kenya, Others Top African Countries With Highest Debt to IMF in 2024
When African nations accumulate significant debt with the IMF, they are frequently forced to enact strict economic reforms ...
IMF to provide USD 1.2 billion in funding to strengthen public finances in Egypt
Earlier in March, Egypt had reached an agreement for a USD 8 billion loan from the IMF, contingent upon implementing further economic reforms. This deal builds upon a USD 3 billion loan agreement ...