Arab Finance: The International Monetary Fund (IMF) will hold a virtual press conference tomorrow, January 9^th, to discuss Egypt's IMF-supported loan program, Akhbar El-Youm reported.

The program offers a comprehensive policies package to maintain economic stability and restore margins in Egypt.

The conference will be attended by Ivanna Vladkova Hollar, the IMF mission chief in Egypt, the Middle East, and Asia.

In mid-December 2022, the executive board of the IMF approved a 46-month arrangement worth about $3 billion under the Fund Facility Extended (EFF) to Egypt.

The IMF also predicted that the EFF would pave the way for additional facility worth approximately $14 billion to Egypt from its international and regional partners.

El-Sisi calls for IMF deal review to avoid public hardship Updated 10/20/2024 3:34:00 PM

Emirates NBD, ABA pen EGP 400M loan deal to promote microfinance services Updated 10/8/2024 3:16:00 PM

European mission in Cairo prepares for $2.9B development funding release Updated 10/3/2024 2:10:00 PM

Banking alliance extends EGP 10.3B loan to Palm Urban for Badya project Updated 10/3/2024 8:14:00 AM

CIB secures $150M loan facility from IFC Updated 10/2/2024 9:24:00 AM