Posted by: APO | 14 July 2017

IMF Executive Board Completes First Review under the Extended Fund Facility (EFF) with the Arab Republic of Egypt

On July 13, 2017, the Executive Board of the International Monetary Fund (IMF) completed the first review of Egypt’s economic reform program supported by an arrangement under the Extended Fund Facility (EFF). The completion of the review allows the authorities to draw the equivalent of SDR 895.48 million (about US$1.25 billion), bringing total disbursements to SDR 2,865.53 million about US$4 billion.… Read more on


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