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IMF Approves Egypt's Ninth Review
The Board of Directors of the International Monetary Fund has definitively approved the seventh review of Egypt’s Extended Fund Facility program valued at $1.772 billion, with expectations that the two tranches will be transferred in the coming days to the Central Bank of Egypt, which will receive the payments next week. This review is part of a financial framework that includes an agreement worth $8 billion, in addition to an extra $1.3 billion in funding through the Resilience and Sustainability Facility program. The IMF continues to monitor Egypt’s performance as part of its efforts to promote economic stability and attract foreign investments.
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