IMF Prepares for First Review of Egypt's Economic Reforms

The spokesperson for the International Monetary Fund announced today, Thursday, that preparations for the first review of the Egyptian economic reform program with the IMF have begun, with the dates for the review mission announcement to be made in agreement with the authorities. The Fund approved a three-billion-dollar extended facility loan for Egypt, which has been under severe financial pressure since the economic repercussions of the war in Ukraine revealed long-standing financial issues.