IMF approves $1.2 billion draw for Egypt

IMF approves $1.2 billion for Egypt after fourth review
The International Monetary Fund approved the disbursement of $1.2 billion to Egypt following completion of the fourth review of the country's $8 billion economic reform programme, after allowing Egypt to waive a primary budget surplus target.
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The International Monetary Fund approved $2.5 billion in financing for Egypt — about half of which will be paid out immediately — as it urged further reforms for the country that’s seeking to emerge from its worst economic crisis in decades.
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IMF approves $1.2 billion draw for Egypt after completing 4th review of economic reform program
The IMF said in a statement it completed its fourth review on Monday and Egyptian authorities can immediately draw the funds. The IMF executive board also granted Egypt’s request for an arrangement under the Resilience and Sustainability Facility with access to an additional $1.3 billion.
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The International Monetary Fund (IMF) has ratified a crucial $1.3 billion loan for Egypt on Monday to support the country’s climate reform efforts as part of its National Climate Change Strategy 2050.
IMF Approves $1.2 Billion for Egypt After Reform Programme's Fourth Review
CAIRO (Reuters) - The International Monetary Fund has approved the disbursement of $1.2 billion to Egypt after completing the fourth review of the country's $8 billion economic reform programme with the lender.
IMF Approves $1.2 Billion Disbursement To Egypt After Fourth Review
The IMF has approved a $1.2 billion disbursement to Egypt after its fourth review, supporting fiscal stability and economic reforms.
IMF releases fourth tranche of loan to Egypt
The International Monetary Fund (IMF) has approved the release of funds to Egypt following the fourth review of an emergency loan progamme but has warned the government that “more decisive implementation of reforms will be critical”.
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Transcript of Press Briefing on Egypt
Good afternoon to those of you joining us from Egypt and the region and Ramadan Kareem. Thank you for joining today's press briefing. My name is Angham Al Shami from the IMF Communications Department.
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