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June 29, 2022

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IMF team in Cairo to discuss $3 billion loan program

Cairo: Africas, News desk, Reuters

An International Monetary Fund team is currently in Cairo to discuss Egypt’s $3 billion IMF loan and reform program, an IMF spokesperson said on Friday amid discussions about additional funding to ease the country’s Gaza war-related stresses.

The spokesperson said in an emailed statement to Reuters that the team, led by IMF Egypt Mission Chief Vlad ova Holler, would “continue discussions on the first and second reviews of Egypt’s reform program supported by the IMF’s Extended Fund Facility. We will communicate at the end of the visit.”

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