Egypt PM says IMF to begin delayed review of loan programme ...Kuwait

The New Arab - News
Egypt PM says IMF to begin delayed review of loan programme
source : The New Arab ( Kuwait ) () 78
The International Monetary Fund will this week begin its delayed fourth review of Egypt's 46-month loan programme, Prime Minister Mostafa Madbouly said on Sunday. The review had originally been scheduled for the end of September. It comes under an agreement Cairo signed with the IMF in April, expanding an original loan from $3 billion to $8 billion to help Egypt manage its economic challenges. The fourth review will unlock $1.2 billion in new financing. At a Cairo joint news conference with IMF's managing director Kristalina Georgieva, Madbouly said the IMF team would start work on the review on Tuesday "with Egypt's central bank and relevant ministries". Georgieva

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