Arab Monetary Fund to support Egypt’s budget with US$638 million ...Egypt

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Minister of International Cooperation Rania al-Mashat announced Saturday that her ministry has concluded a development financing agreement worth around US$638 million with the Arab Monetary Fund (AMF) to support Egypt’s state budget. This comes as part of a project to facilitate the structural adjustment of the government’s financial sector. The minister added that the agreement supports Egypt’s structural and institutional reform efforts, thereby improving the efficiency of public financial management in line with the economic reform program, which Egypt began implementing in 2016 to protect its macroeconomy. Mashat added that the objectives and priorities of economic reform include achievi

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Arab Monetary Fund to support Egypt’s budget with US$638 million ...Egypt

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