Egypt to spend $51 million to upgrade Giza pyramids after tourist complaints
Visiting the Pyramids of Giza is on many peoples’ bucket lists, but in recent years, travelers have reported frustrating experiences
The International Monetary Fund announced Tuesday a provisional agreement granting Egypt access to approximately $1.2 billion, pending executive board approval. This deal, achieved during the fourth review under the Extended Fund Facility arrangement, supports Egypt's continued efforts to stabilize its macroeconomy amid regional unrest impacting Suez Canal revenues. Ivanna Vladkova Hollar, leading the IMF mission, emphasized the necessity of ongoing fiscal consolidation to sustain debt viability and manage financing needs.
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