IMF agrees to increase funding program for Egypt to $8 billion ...Egypt

Prime Minister Mostafa Madbouly announced that Egypt signed an agreement on Wednesday with the International Monetary Fund (IMF) to increase the value of the country’s funding from three billion to eight billion dollars. An agreement was also settled with IMF experts regarding the first and second reviews under the IMF’s Extended Fund Facility (EFF), following efforts by the government that included a sharp devaluation of the currency and an increase in interest rates. The move comes hours after the Central Bank of Egypt (CBE) allowed the pound to devalue for the first time in more than 14 months against the US dollar, following the surprise move to raise interest rates by 600 basis points o

Hence then, the article about imf agrees to increase funding program for egypt to 8 billion was published today ( Thursday 07/03/2024 - 03:08 PM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( IMF agrees to increase funding program for Egypt to $8 billion )

Last updated : 07 March 2024 clock 03:08 PM

Also on site :

IMF agrees to increase funding program for Egypt to $8 billion ...Egypt

Amazon Toy Recalled—‘Serious Injury or Death From Choking’

Meeting requested with David Lammy over Isle of Man assisted dying law ‘delay’

Ted DeLisi Joins Inspire Advisors, Aligning His Practice with Faith, Purpose, and Long-Term Stewardship

Top five youngest players in Premier League history to reach 300 appearances ft. Declan Rice

Carnival Is Offering a Rare Solar Eclipse Cruise at Sea

Rotterdam Heads On The Importance Of Supporting Filmmakers That Fall “Somewhere On The Margins” & Developing Audiences That Are “Responsive To Risk-Taking”

Inside a Minneapolis school where 50% of students are too afraid of ICE to show up

Kelli Garner, Jake Connelly’s ‘Blood on the Ice,’ Mbrella Films’ First U.S. Production, Commences Illinois Shoot (EXCLUSIVE)

Need another reason to vaccinate against measles? The virus can cause immune amnesia.

Newsom leads resistance to RFK Jr.’s public health upheaval

If voters let the Colorado legislature tap into the TABOR surplus, tax credits may become much more complicated

Jim Cramer Says Saylor Could Push Bitcoin to $82,500 for “Double Bottom” Signal

Horoscopes Feb. 2, 2026: Shakira, when one door closes, another will open

Help! I Made a Deal With My Husband Before Our Baby Was Born. Five Months In, I Desperately Want Out.

Ribchester Helmet: A rare 'face mask' helmet worn by a Roman cavalry officer 1,900 years ago