Egypt’s request for the SBA is expected to be submitted to the IMF Executive Board for approval in a few weeks.

Announcing the deal on 20 November, Egyptian Prime Minister Hisham Qandil said the economic program will aim “to boost growth and achieve social justice” and to redefine budget priorities to ensure the availability of financial resources for its implementation. At the same time it will take measures to achieve monetary and economic stability with structural reforms and to improve the investment climate. (CONTINUED - 898 WORDS)