IMF Reaches Staff Level Agreement on the Fourth Review of the …
1 day ago · IMF staff and the Egyptian authorities have reached staff-level agreement on the fourth review under the Extended Fund Facility (EFF) arrangement. Subject to approval by the Executive Board, Egypt will have access to about $1.2 billion (SDR 922.87 million).
Arab Republic of Egypt and the IMF
Listed below are items related to Arab Republic of Egypt. This web page provides information on official IMF reports and Executive Board documents in English that deal with Egypt.
IMF grants Egypt initial approval of $1.2 billion fourth review
1 day ago · For all the latest headlines follow our Google News channel online or via the app. The IMF said Egypt’s government had agreed to increase its tax-to-revenue ratio by 2 percent of gross domestic ...
IMF, Egypt reach deal to unlock $1.2bn to shore up strained …
1 day ago · Egypt in March struck a deal to receive an $8bn loan from the IMF in tranches subject to undertaking economic reforms, expanding on a $3bn, 46-month deal struck in December 2022.
IMF Mission Concludes Visit to Egypt for the Fourth Review under …
Nov 20, 2024 · IMF Mission Concludes Visit to Egypt for the Fourth Review under the Extended Fund Facility. November 20, 2024. Cairo, Egypt: An International Monetary Fund mission led by Ivanna Vladkova Hollar held in-person discussions with the authorities during November 6-20 in Cairo. At the conclusion of the visit, Ms. Vladkova Hollar issued the following ...
Egypt secures $8bn IMF deal after removing currency controls
Mar 6, 2024 · Egypt secured a deal to more than double its IMF bailout to $8bn after the country allowed its currency to drop to a record low against the US dollar, unlocking support to avert its worst...
I.M.F. Agrees to Much Larger Rescue Package for Egypt
Mar 6, 2024 · The International Monetary Fund has agreed to more than double a bailout package for Egypt, which is going through its worst economic crisis in decades, exacerbated by war in the neighboring...
Egypt and IMF to Finalize Details on EFF Loan Review
Nov 22, 2024 · Earlier this year, the IMF increased its financial support for Egypt under the EFF, raising the loan amount from USD 3 billion (EGP 149.01 billion) to USD 8 billion (EGP 397.36 billion). The fund also restructured its policy strategy, a move Kozack said would save Egypt USD 800 million (EGP 39.74 billion) over the next six years.
Egypt strikes expanded $8bn deal with the IMF - Al Jazeera
Mar 6, 2024 · The new agreement announced on Wednesday is an expansion of the $3bn, 46-month Extended Fund Facility that the IMF struck with Egypt back in December 2022, which was predicated on the shift to...
Egypt will have access to $1.2 billion subject to IMF board …
2 days ago · A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab