IMF Executive Board approves expanded US$8 billion loan to Egypt ...Egypt

EGYPT INDEPENDENT - Economy
IMF Executive Board approves expanded US$8 billion loan to Egypt
source : EGYPT INDEPENDENT ( Egypt ) () 161
The Executive Board of the International Monetary Fund (IMF) on Friday completed the first and second reviews of the extended arrangement under the Extended Fund Facility (EFF) for Egypt and approved an augmentation of the original program by about five billion dollars, allowing the authorities to draw the equivalent of about US$820 million. The IMF finalized the main aspects of the agreement, in a mission to Cairo that ended on February 1 led by Mission Chief for Egypt Ivanna Vladkova Hollar. The government and IMF team reached an agreement on the economic policies necessary to complete the first and second reviews of the Extended Fund Facility arrangements. The experts discussed the govern

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