The IMF said Egypt's efforts to restore macroeconomic stability are making some progress
WASHINGTON – The International Monetary Fund said on Thursday that it reached a staff-level agreement with Egypt on the third review of an expanded IMF loan program, which would disburse about $820 million to Cairo upon board approval.
The IMF said in a statement that Egypt's efforts to restore macroeconomic stability are making some progress, despite a difficult regional environment marked by spillovers from the war in Gaza and Red Sea shipping disruptions that have hurt Suez Canal receipts.
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