IMF Reaches Staff-Level Agreement with Egypt for $1.6 Billion

The International Monetary Fund announced a staff-level agreement with Egypt on reviews of two financing arrangements, potentially unlocking approximately $1.6 billion pending executive board approval.

30 Jun, 04:05 — 30 Jun, 04:05

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myjoyonlineMixed62d ago

IMF reaches staff-level deal with Egypt that could unlock $1.6 billion

The International Monetary Fund (IMF) said on Monday it had reached a staff-level agreement with Egypt on reviews of two financing arrangements, potentially unlocking about $1.6 billion pending approval by the fund's executive board.

By Abubakar Ibrahim

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IMF Reaches Staff-Level Agreement with Egypt for $1.6 Billion

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IMF reaches staff-level deal with Egypt that could unlock $1.6 billion

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