#price hikes
Egypt is set to receive a USD 1.2 billion (EGP 60.8 billion) disbursement from the International Monetary Fund (IMF) in January 2025 as part of its USD 8 billion (EGP 405.2 billion) Extended Fund Facility (EFF) programme, Minister of Finance Ahmed Kouchouk announced during an interview on ON TV. Kouchouk confirmed that the IMF’s executive board is scheduled to meet in January. The EFF loan, initially approved in December 2022 as a USD 3 billion (EGP 151.9 billion) programme, was…
