IMF reaches staff-level agreement with Egypt upon first review of $5.2 bln financing agreement


Related INTERVIEW- Egypt's budget surplus will help in facing COVID-19 challenges, says IMF's Jihad Azour Egypt will be the only country to see positive growth in MENA in 2020, expected at 3.5%: IMF The International Monetary Fund (IMF) said on Monday it had reached a staff-level agreement with Egypt after the first review of a $5.2 billion financing agreement. Upon the approval of the executive board, a $1.6 billion tranche will be disbursed, the statement said. "The Egyptian economy performed better than expected despite the pandemic," the IMF statement said. Search Keywords: Egypt - IMF - Short link: more...