'Fruitful' Discussions Between IMF, Egypt

Business

April 17th, 5:02am

Asharq Al-Awsat

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas/File Photo

The International Monetary Fund’s discussions with Egypt will continue virtually towards starting its first review mission, according to an IMF statement. Discussion between the IMF and Egypt were "fruitful" in preparation for the review, the statement said Sunday. The IMF in December approved a $3 billion Extended Fund Facility loan for Egypt. Disbursements under the 46-month program are subject to eight reviews, the first of which was dated March 15, 2023, in an IMF staff report published in December.

from Asharq AL-awsat https://english.aawsat.com/home/article/4277846/fruitful-discussions-between-imf-egypt