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IMF approves $1.2 billion draw for Egypt

IMF approves $1.2 billion for Egypt after reform programme's fourth review

The International Monetary Fund has approved the disbursement of $1.2 billion to Egypt after completing the fourth review of the country's $8 billion economic reform programme with the lender.

AllAfrica on MSN · 20h

IMF Highlights Egypt's Economic Recovery As It Approves Largest Tranche of Its $8b Program

The International Monetary Fund (IMF) recently commended Egypt's efforts to rebuild market confidence and stabilize the economy, citing a recovery in economic activity and progress in restoring foreign exchange reserves to adequate levels.

The Washington Post · 2d

IMF approves $1.2 billion draw for Egypt after completing 4th review of economic reform program

The International Monetary Fund says it has completed its fourth review of Egypt’s economic reform program, approving a $1.2 billion disbursement for the North African country

Hosted on MSN · 2d

IMF unlocks $2.5bn for Egypt after completing fourth loan review

The International Monetary Fund announced on Tuesday that its executive board has completed the fourth review of Egypt's $8 billion Extended Fund Facility loan, allowing the country to immediately draw about $1.

14hon MSN

BRICS+ Series: How Egypt is Revolutionising Africa's Pharmaceutical Industry

Egypt is transforming into Africa's pharmaceutical powerhouse, with 90% of drugs now produced locally. Through strategic ...

North Africa's richest city with 7,200 millionaires and 30 billionaires

This incredible city, famous for one particular reason, also holds the title of North Africa's richest city, home to 7,200 ...

ZAWYA2d

Egypt's government to triple funding for economic stimulus programmes next year: FM

The government is commitment to strengthening the role of the private sector as a key driver of comprehensive and sustainable ...

State Information Service (SIS)12d

Egypt tops African countries with most seaports, trade terminals in 2025

Even though one-third of African nations are landlocked, seaports remain essential for economic activity, connecting ...

SuperSport4d

South Africa shock Egypt in Chan qualifier

South Africa shocked Egypt 3-1 in Ismailia on Sunday to reach the final qualifying round for the African Nations Championship ...

Briefly on MSN1d

“This Power Plant Is Going To Be Bigger Than Koeberg”: SA Woman Shows Nuclear Power Plant in Egypt

SA nuclear advocate visited Egypt's El Dabaa nuclear power plant construction site, set to be Africa's second commercial nuclear facility and larger than Koeberg.

Egypt's richest man worth huge £7bn - the fourth biggest fortune in Africa

Nassef Sawiris is the richest man in Egypt, the fourth richest person in Africa, and the co-owner of Aston Villa FC.

ZAWYA2d

Egypt’s tax revenues surge 38% in H1 FY2024/25

The minister highlighted joint efforts to leverage the state's assets and ensure achieving the best possible returns to ...

8don MSN

African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close

LoftyInc, one of Africa’s most active investors, known for early bets on unicorns like Flutterwave, Andela, and Wave, has ...

New Vision on MSN17h

Egypt asks to host some 2034 World Cup matches

Egypt has requested the right to host a set of group-stage matches for the 2034 World Cup which will be held in Saudi Arabia, the African country's football federation president said on ...

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