Egypt secures $2.3 billion from International Monetary Fund

The International Monetary Fund (IMF) Executive Board has officially approved the combined fifth and sixth reviews of Egypt’s economic program, alongside the first review under the Resilience and Sustainability Facility (RSF). This milestone clears the way for Egypt to draw approximately $2.3 billion. An informed source told Al-Masry Al-Youm that the disbursement—encompassing both loan tranches … The post Egypt secures $2.3 billion from International Monetary Fund appeared first on Egypt Independent .