Wednesday, 26 May 2021 07:14 AM MYT
The IMF said its staff reached agreement with Egyptian authorities about the additional funding after a second and final review of Egypt’s economic programme and a US$5.2 billion 12-month stand-by arrangement. It said Egypt’s fiscal and monetary policies should continue to support the economic recovery, and called for additional efforts on the country’s economic reforms.
The IMF said Egypt met all its structural benchmarks, including steps to reform fiscal transparency and governance, social protection and improve the business environment.
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