#loan
The International Monetary Fund (IMF) has announced on Saturday its approval of a significant increase in the loan program provided to Egypt, amounting to approximately USD 5 billion (EGP 236 billion) The loan program, initially set at USD 3 billion (EGP 142 billion) for 46 months, aims to bolster Egypt's economic stability and will enable Egypt to immediately withdraw around USD 820 million (EGP 38 billion) from the IMF. To address the issue of non-targeted fuel subsidies, which consume a…
