IMF to provide $1.774 billion to Egypt following final Executive Board approval

The Executive Director at the International Monetary Fund (IMF) representing the Arab Group and Maldives on the Executive Board, Mohamed Maait, anticipates the transfer of the seventh tranche under the Extended Fund Facility (EFF) program with Egypt, alongside the second tranche under the Resilience and Sustainability Facility (RSF)—totaling $1.774 billion—within five business days following final …