Washington, Dec 25, 2024 (AFP) - IMF, Egypt reach deal unlocking $1.2 bn

NAMPA / AFP

2024-12-25

The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the country access to about $1.2 billion. The funding access is subject to executive board approval. "The Egyptian authorities have continued to implement key policies to preserve macroeconomic stability, despite ongoing regional tensions that are causing a sharp decline in Suez Canal receipts," said Ivanna Vladkova Hollar, who led the IMF m......

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