IMF approves $820 million for Egypt, calls for more reforms ...Kuwait

The New Arab - News
IMF approves $820 million for Egypt, calls for more reforms
The International Monetary Fund said on Monday it had completed a review allowing Egypt to draw $820 million, saying efforts to restore macroeconomic stability had started to yield results but urging more progress on reining in state-owned enterprises. The review is the third under Egypt's latest 46-month IMF loan programme, which was approved in 2022 and expanded to $8 billion this year following an economic crisis marked by high inflation and severe foreign currency shortages. Egypt says it has shifted to a flexible exchange rate regime, a policy the IMF said on Monday remains "a cornerstone of the authorities' program." "Inflationary pressures are gradually abating

Hence then, the article about imf approves 820 million for egypt calls for more reforms was published today ( ) and is available on The New Arab ( Kuwait ) 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 approves $820 million for Egypt, calls for more reforms )

Apple Storegoogle play

Last updated :

Also on site :