EgyptianStreets
Egypt’s USD 8 billion (EGP 392.48 billion) loan agreement with the International Monetary Fund (IMF) remains at the center of the country’s efforts to steady its economy and secure foreign funding. With only USD 3.5 billion (EGP 171.71 billion) disbursed so far, Cairo now faces pressure to deliver on long-promised reforms by the fall to secure the remaining balance…
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Egypt Faces Pressure to Deliver Reforms as IMF Loan Progress Stalls
Muhammed Kotb
09:20
Egypt’s USD 8 billion (EGP 392.48 billion) loan agreement with the International Monetary Fund (IMF) remains at the center of the country’s efforts to steady its economy and secure foreign funding. With only USD 3.5 billion (EGP 171.71 billion) disbursed so far, Cairo now faces pressure to deliver on long-promised reforms by the fall to
