IMF grants Egypt initial approval of $1.2bn on fourth review
Egypt, grappling with high inflation and shortages of foreign currency, agreed to the $8bn, 46-month facility in March.
Egypt will have access to $1.2 billion subject to IMF board approval, fund says
The International Monetary Fund said on Wednesday it reached a staff-level agreement on the fourth review under the Extended Fund Facility arrangement with Egypt. Subject to approval by the executive board,
Egypt, IMF Reach Initial Deal for $1.2 Billion Loan Tranche
Egypt and the International Monetary Fund reached a preliminary deal that would likely unlock a further tranche of the North African nation’s $8 billion loan.
IMF, Egypt Reach Deal Unlocking $1.2 Bn
The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the country access to about $1.2 billion.
IMF grants Egypt initial approval of $1.2 billion fourth review
The International Monetary Fund said on Wednesday it reached a staff-level agreement with Egypt on the fourth review under its Extended Fund Facility arrangement, potentially unlocking a $1.2 billion disbursement under the programme.
Egypt reaches staff level agreement with IMF for $1.2bn funding
The International Monetary Fund on Tuesday reached an agreement with Egypt, allowing the country to access about $1.2 billion, subject to approval by the executive board. This follows the IMF staff-level agreement on the fourth review under the Extended Fund Facility (EFF) arrangement.
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