Posted by: APO | 12 May 2017

IMF Reaches Staff-Level Agreement for Completion of the First Review of Egypt’s Extended Fund Facility

– The staff level agreement is subject to approval by the IMF’s Executive Board to make available SDR 895.48 million (about US$1.25 billion), bringing total disbursements under the program to about US$4 billion. – The Ministry of Finance has drafted a very strong budget. If enacted by Parliament, it will place public debt on a clearly declining path to sustainable levels. – Social protection measures… Read more on http://imf-fmi.africa-newsroom.com/press/imf-reaches-stafflevel-agreement-for-completion-of-the-first-review-of-egypts-extended-fund-facility?lang=en


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