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#egypt

The International Monetary Fund (IMF) Executive Board has completed the fifth and sixth reviews of Egypt’s Extended Fund Facility (EFF) programme, alongside the first review under the Resilience and Sustainability Facility (RSF), allowing Egypt to draw around USD 2.3 billion (EGP 110.3 billion), according to an IMF statement. The approval enables Egypt to immediately access approximately USD 2 billion (EGP 95.9 billion) under the EFF and USD 273 million (EGP 13.1 billion) under the RSF, bringing the country’s total disbursements…