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بوابة الفجر
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Metwally predicts $1.6B tranche within 6 weeks
Egypt has reached an agreement with the International Monetary Fund regarding the review of the Extended Fund Facility and the Flexibility and Sustainability Facility programs, which may enable access to new funding of $1.64 billion following approval by the Executive Board. The disbursement is expected to take place within 4 to 6 weeks after the final announcement of the agreement, as it involves the Fund's final assessment and approval by the Executive Directors. The IMF praised Egypt's measures in the energy sector and its resilience in facing global challenges since 2020.
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