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Fund boosts Egypt's economic resilience
Egypt expects that the disbursement of new financing worth $1.8 billion from the International Monetary Fund will contribute to supporting its economy and enhancing its resilience to regional disturbances, especially after the Fund's Executive Board approved this tranche. The financing, which is part of a program of loan facilities and flexibility measures, aims to complete the review of economic performance and continue implementing structural reforms, such as strengthening the role of the private sector and improving the business environment, in order to boost economic stability and increase growth and employment rates. Experts have regarded this approval as a reflection of renewed international confidence in Egypt’s ability to face challenges, while emphasizing the need to accelerate reforms to improve resources and reduce reliance on external funding.
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