IMF to provide Egypt with US$1.3 billion in new funds

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, announced on Tuesday that the IMF’s Executive Board is expected to approve the disbursement of additional funding worth US$1.3 billion within the Resilience and Sustainability program to Egypt.

She expressed her confidence in obtaining approval, showcasing the IMF’s commitment towards supporting the Egyptian economy.