IMF begins fourth review to allow disbursement of $1.3 billion – Youm7

Today, Tuesday, the procedures for the fourth review of the Egyptian program by… International Monetary FundIntensive meetings are held between the Fund’s mission and officials in the Economic Group of the Ministry, who deal with files related to developments in the economic situation, macroeconomic indicators, and the targets of the financing program worth $8 one billion.

And he allows it The fourth review For the economic reform program, a new financial tranche worth $1.3 billion has been paid ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ A has completed the review and approval of the Executive Board of the International Monetary Fund.

The Director General of the International Monetary Fund visits Egypt. Kristalina GeorgievaCairo, at the head of a high-level delegation from a major international institution, to review the economic indicators and the nature of the economic situation as a result of the regional and global changes that have affected the economy of the Egypt.

Informed sources told Youm7 in exclusive statements that the Director General of the International Monetary Fund held several meetings with senior government officials and members of the Ministry’s Economic Group to review all files economic work and discuss the latest developments in economic conditions and ways to strengthen cooperation. between the International Monetary Fund and the Egyptian government in the current program worth $8 billion dollars.

A few days ago, Youm7 was alone in making special statements from the American capital, Washington, that Kristalina Georgieva, the Director General of the International Monetary Fund, will visit Egypt on November 2 to review to make economic indicators and the nature of the economic situation in light. of the regional and global changes that have affected the Egyptian economy, explaining A press conference will be held at the headquarters of the Council of Ministers to discuss developments related to Egypt’s economic reform program display

The Director General of the International Monetary Fund, in response to questions from “Youm7” at a press conference held in Washington, DC, said that the tension in the Middle East region affected the economy of the -Egypt, because it lost 70% of the income of the Suez Canal. Because of the Gaza war.

The Director General of the International Monetary Fund explained that Egypt has great responsibilities as a result of the conflict in Gaza and Sudan, explaining that Egypt hosts around 9 million citizens from countries that ‘ see conflict in the Middle East region.

A few days ago, in the American capital, Washington, the activities of the annual meetings of the Monetary Fund and the World Bank were concluded in the presence of a high-level Egyptian delegation that includes senior officials from the Central Bank of Egypt, the Ministers of Finance, Planning, International Cooperation and Investment, heads of banks, and representatives from government departments, the private sector, and the media.

Central bank governors, finance and development ministers, parliamentarians, senior executives from the private sector, representatives of civil society groups, and academics participated in the annual meetings of the Boards of Governors of the International Monetary Fund and the Bank Group of the World to discuss issues of global concern, including global economic prospects, poverty eradication, and improving economic and aid effectiveness.