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As Egypt’s current agreement with the International Monetary Fund is set to end soon, many are asking what comes next.
24.05.19 | Interesting article at Ahram Online

Egypt is nearing completion of its agreement with the International Monetary Fund (IMF), while on Friday a staff team from the international financial institution completed their fifth and final review of Egypt’s economic reform programme supported by the IMF’s Extended Fund Facility (EFF) arrangement.

Once approved by the IMF’s Executive Board, Egypt will receive around $2 billion, the final tranche of a $12 billion package signed in November 2016.

“Prudent monetary and fiscal policies and a flexible exchange rate have underpinned macroeconomic stabilisation and strengthened Egypt’s resilience to external shocks, while social protection measures have helped ease the burden of adjustment on the population,” an IMF press release said at the end of the team’s visit.

It added that the IMF welcomes “the authorities’ focus on structural reforms, as they need to be deepened to facilitate inclusive growth and job creation for all.”