The IMF is seeking to complete the final reviews of Egypt’s $8bn Extended Fund Facility (EFF) and its Resilience and Sustainability Facility (RSF) before the EFF expires on 15 December. Completion would enable the potential release of a further $2.3bn for Cairo.
At a 29 October briefing, IMF Communications Director Julie Kozack said a mission in Cairo was seeking a staff-level agreement for Executive Board approval before the deadline. Disbursement remains subject to board approval. Around $1.5bn would come from the EFF and $800mn from the climate-focused RSF. (CONTINUED - 867 WORDS)
