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Egypt Unlocks About $1.8 Billion IMF Payout After Passing Review

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Egypt Unlocks About $1.8 Billion IMF Payout After Passing Review Egypt unlocked about $1.8 billion in financing after clearing the penultimate review of its expanded International Monetary Fund program. The North African nation “has faced the implications of the war in the Middle East in a stronger macroeconomic position than during previous episodes of external stress, with robust growth, inflation on a downward trend and rising gross international reserves,” the IMF said in a statement...

Egypt Unlocks About $1.8 Billion IMF Payout After Passing Review Egypt unlocked about $1.8 billion in financing after clearing the penultimate review of its expanded International Monetary Fund program. The North African nation “has faced the implications of the war in the Middle East in a stronger macroeconomic position than during previous episodes of external stress, with robust growth, inflation on a downward trend and rising gross international reserves,” the IMF said in a statement after its executive board met Thursday.
Egypt (LOCATION) International Monetary Fund (ORG) North African (ORG) the Middle East (LOCATION) IMF (ORG)
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