News dalla rete ITA

2 Giugno 2021

Egitto

EGYPT TO GET FINAL $1.6 BILLION TRANCHE OF IMF STANDBY LOAN BEFORE JUNE-END

Egypt is set to receive the final $1.6 billion tranche of its International Monetary Fund (IMF) standby loan before the end of next June.The IMF’s executive board is expected to make a final decision on the $1.6 billion payment during the first half of the month, paving the way for the disbursement before July.The IMF reached last a staff-level agreement with Egyptian authorities about the additional funding after a second and final review of Egypt’s economic programme and a $5.2 billion 12-month standby arrangement.The one-year $5.2 billion financing package was agreed in June 2020 to support the Egyptian economy and shore up public finances during the COVID-19 pandemic. (ICE IL CAIRO)


Fonte notizia: Amwal Alghad