Egypt: IMF Highlights Egypt’s Economic Recovery As It Approves Largest Tranche of Its $8b Program

The International Monetary Fund (IMF) recently commended Egypt’s efforts to rebuild market confidence and stabilize the economy, citing a recovery in economic activity and progress in restoring foreign exchange reserves to adequate levels.

The IMF shared their expectations for the Egyptian economy in its release on the recently completed fourth review of Egypt’s $8 billion economic program, which cleared the way for the disbursement of $1.2 billion the largest tranche of the program to date.

This…