Egypt, IMF imminent to agree on new loan ...Egypt

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Egypt, IMF imminent to agree on new loan
An agreement with the International Monetary Fund (IMF) on a new cooperation program is imminent, and that the Egyptian government hopes that the program will be agreed upon before December 2022, Egyptian Finance Minister Mohamed Maait announced. On Wednesday, Maait confirmed that the value of the funding included in the expected program to be agreed upon between the government and the fund has not yet been determined. Egypt and the IMF are negotiating economic policies and reforms within a program that the two parties seek to agree on, such as the Extended Fund Facility, which was previously implemented in economic reforms from 2016 to 2019. The IMF said that the Egyptian government needs t

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