IMF approves an increase of five billion dollars to Egypts original program
- Date: 07-Apr-2024
- Source: Lebanon LBCI
- Sector:Financial Services
- Country:Egypt
IMF approves an increase of five billion dollars to Egypts original program
On Friday, the International Monetary Fund (IMF) said that the Fund's Executive Board completed the first and second reviews of the Extended Fund Facility agreement for Egypt and approved an increase of approximately five billion dollars to the original program.
This allows the Egyptian authorities to draw about $820 million immediately.
Reuters IMF approves an increase of five billion dollars to Egypts original program
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