Arab Monetary Fund loans Egypt $639m to boost public finance reforms – The National

SourceThe National
SectorFinancial Markets
CountryGCC

In June, the IMF also approved a new 12-month $5.2bn loan for Egypt to help it cope with challenges posed by the pandemic The Cairo skyline - Egypt received a $639m credit facility from the Arab Monetary Fund. Reuters July 29, 2020 July 29, 2020 The Arab Monetary Fund is providing Egypt with a $639 million (Dh2.3 billion) credit facility to help the Arab world’s most populous country reform its public finance sector amid the Covid-19 pandemic. The loan aims to support the implementation of economic, financial and structural reforms, the fund said in statement on Wednesday. The AMF said financing the needs...read more...