The International Monetary Fund announced in a Dec 18 statement that it has approved the disbursement of $1.6 billion in favor of Egypt. This is the second financing as part of a $5.2 billion stand-by deal concluded with the country last June 26.

For more information, please see https://www.ecofinagency.com/public-management/2112-42208-egypt-imf-approves-1-6bln-disbursements-under-stand-by-agreement