International Monetary Fund's (IMF) Managing Director Kristalina Georgieva attends a press conference with Egyptian Prime Minister Mostafa Madbouly in the Cabinet at the New Administrative Capital (NAC) in the east of Cairo, Egypt, November 3, 2024. REUTERS/Amr Abdallah Dalsh
(Reuters) - The International Monetary Fund will begin its review of Egypt's loan programme on Tuesday, Egyptian Prime Minister Mostafa Madbouly said on Sunday at a press conference with IMF managing director Kristalina Georgieva.
The review, which could unlock more than $1.2 billion in financing, is the fourth under Egypt's latest 46-month IMF loan programme that was approved in 2022 and expanded to $8 billion this year after an economic crisis marked by high inflation and severe foreign currency shortages.
