IMF eases support package conditions for Egypt ...Egypt

The International Monetary Fund (IMF) announced in a review that it has eased several conditions in its eight billion dollar financial support package for Egypt, which include allowing Cairo more time to carry out the necessary reforms. Egypt and the fund previously agreed on a package in 2022, but the fund has repeatedly delayed disbursements on the grounds that Egypt has not met its conditions – such as committing to flexible exchange rate. This new review involves easing some of the fund’s criteria, and is part of the two reviews the IMF conducts per year before disbursing funds. Though approved back in July, the latest review was only published on Monday evening – it marks the third such

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