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

  • Date: 19-Nov-2020
  • Source: Ahram
  • Sector:Economy
  • Country:Egypt
  • Who else needs to know?

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: