IMF grants Egypt initial approval of $1.2 billion 4th review

IMF grants Egypt initial approval of $1.2 billion fourth review
The International Monetary Fund said on Wednesday it reached a staff-level agreement with Egypt on the fourth review under its Extended Fund Facility arrangement, potentially unlocking a $1.2 billion disbursement under the programme.
Egypt, IMF Reach Initial Deal for $1.2 Billion Loan Tranche
Egypt and the International Monetary Fund reached a preliminary deal that would likely unlock a further tranche of the North African nation’s $8 billion loan.
IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances
Washington-based lender says Cairo agreed to raise tax-to-revenue ratio and accelerate divestment of state-owned firms.
Egypt, IMF Reach Staff Level Agreement For $1.2Bn
Madbouly noted that Ivanna Vladkova Hollar, head of the IMF mission to Egypt, confirmed an agreement at the expert level between Egyptian officials and the IMF. Hollar emphasized that Egypt had continued to implement critical policies to ensure macroeconomic stability, even amid regional tensions and a significant drop in Suez Canal revenues .
Egypt secures IMF staff-level approval for $1.2bn funding in fourth review
The agreement includes recalibrating Egypt's fiscal commitments to create space for critical social programmes benefiting vulnerable groups and the middle class, while ensuring debt sustainability
Egypt will have access to $1.2 billion subject to IMF board approval, fund says
The International Monetary Fund said on Wednesday it reached a staff-level agreement on the fourth review under the Extended Fund Facility arrangement with Egypt. Subject to approval by the executive board,
IMF, Egypt finalize $1.2 Billion loan agreement
ALBAWABA - As part of a $8 billion loan deal, Egypt and the International Monetary Fund (IMF) have agreed a staff-level agreement to release $1.2 billio
IMF grants Egypt initial approval of $1.2bln fourth review
The IMF said Egypt's government had agreed to increase its tax-to-revenue ratio by 2% of gross domestic product over the next two years, with a focus on eliminating exemptions rather than increasing t
IMF, Egypt Reach Deal Unlocking $1.2 Bn
The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the country access to about $1.2 billion.
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