IMF to approve $1.6bn in financing for Egypt in coming weeks
Published 26 May,2021 via Daily News Egypt - The International Monetary Fund (IMF) expects to approve $1.6bn in financing for Egypt, the third tranche of the country’s Stand-by Arrangement (SBA) $5.2bn loan programme, in the coming weeks.
The IMF said, in a press statement, that its team, led by Celine Allard, held a virtual mission from 4 to 24 May 2021 with Egyptian authorities.
The mission held discussions on the 2021 Article IV Consultation with Egypt, and the second review of the country’s economic programme supported by the IMF’s 12-month SBA.
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