IMF expected to complete Egypt’s next review by June 2024

IMF expected to complete Egypt’s next review by June 2024

The International Monetary Fund (IMF) anticipates finalizing its upcoming review of Egypt’s $8bn loan program by the end of June 2024, according to IMF officials at a press conference on Monday. According to Ivanna Vladkova Hollar, IMF Mission Chief for Egypt and Division Chief at the Middle East and Central Asia Department this review will pave the way for the disbursement of $820m to Egypt. Ms Hollar was talking to Daily News Egypt and asserted that it was the IMF’s intention “to develop a joint indicator to gauge the state and military’s retreat from commercial activity, promoting a level playing field for both public and private sectors.”

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