IMF determines agreement with Egypt regarding tranches of existing loan and additional financing ...Egypt

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IMF determines agreement with Egypt regarding tranches of existing loan and additional financing
source : EGYPT INDEPENDENT ( Egypt ) () 34
The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour, said that negotiations to complete the first and second reviews are still ongoing. In a press conference on Wednesday, he assured that the program’s objectives and details that were agreed upon in December 2022 between the IMF and the Egyptian government have not changed. Egypt has been significantly impacted by the war on Gaza, he said, causing a reduction for Egypt’s growth expectations which were reduced by 0.6 percent to three percent. Azour added that the IMF team has been discussing the impact of the war on the country’s economy with the government, the policies that need

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