News
The International Monetary Fund (IMF) has completed the fourth review of Egypt’s loan program, unlocking a disbursement of USD 1.2 billion (EGP 60.8 billion), according to Finance Minister Ahmed Kouchouk. The announcement was made during the Finance Ministry’s annual iftar, but an official statement from the IMF is still awaited. IMF Executive Director for the Arab Group and Former Minister of Finance, Mohamed Maait, confirmed that Egypt will receive the funds within days following the IMF Executive Board’s approval on…
