IMF reaches staff-level agreement with Egypt on third review
In a Thursday statement Thursday, the International Monetary Fund (IMF) announced that its staff team and Egyptian authorities have reached a staff-level agreement on the third review of Egypt’s economic reform programme. The agreement is still subject to approval of IMF’s Executive Board. "Completion of this review would make available (to Egypt) USD2bn, bringing total disbursements under the programme to about USD8bn," IMF’s staff team explained.
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