Written by: Ahmed Yacoub
Saturday, March 30, 2024 01:00 AM
The Executive Board of the International Monetary Fund completed the first and second reviews of the Egyptian financing program and raised the value of the loan from $3 billion to $8 billion.
The International Monetary Fund said in a press statement that the completion of the discussion of the first and second review of Egypt’s economic program allows for the disbursement of $820 million of the total financing value.
The IMF completes two reviews of Egypt’s loan
The International Monetary Fund said that Egypt is implementing a strong plan to achieve economic stability, focusing on achieving a flexible exchange rate system and supporting the private sector to be a leader in economic growth.
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