Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva ...Egypt

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Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
source : EGYPT INDEPENDENT ( Egypt ) () 96
Egypt stands to gain $800 million in savings by 2030 thanks to the International Monetary Fund’s recent decision to adjust its fees for programs and loans. IMF Managing Director Kristalina Georgieva made the announcement during an interview with Al-Sharq, where she also indicated the possibility of revisiting the conditions for providing support to Lebanon in light of the ongoing conflict. The IMF has provided significant relief to its member countries by reducing borrowing costs. In a recent review of its lending fees policy, the IMF Executive Board approved a package of measures that will save member countries a combined $1.2 billion annually. This decision will especially benefit countrie

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