IMF’s loan to Egypt not linked to Gaza crisis, official assures ...Egypt

The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour said there is no link between the size of the IMF’s loan to Egypt and the Gaza crisis. During an interview with Al Arabiya Business on Sunday, Azour noted that the IMF program was drawn up about a year and two months ago, and the first and second reviews took place before the Gaza War. Azour added that there is no doubting that Egypt and other countries have been economically affected by current events, and the risk rate has increased. However, he assured that that the size of the loan is linked to the financing gap and has nothing to do with political aspects. The UAE’s investme

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