IMF Reaches Third Review Milestone with Egypt

The International Monetary Fund (IMF) announced on Thursday that it reached a staff level agreement for the third review of the extended fund facility with Egypt. Pending approval from the IMF's Executive Board, Egypt will gain access to approximately $820 million.

The International Monetary Fund said on Thursday that it had reached a staff level agreement on the third review of the extended fund facility with Egypt.

Subject to approval by the IMF's Executive Board, Egypt will have access to about $820 million, it said in a statement.

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