The International Monetary Fund announced on Friday the immediate disbursement of $820 million to the Egyptian government, part of an augmented plan to aid the nation's stumbling economy.
The IMF's Executive Board validated the payment as part of a $3 billion aid
program granted at the end of 2022.
The IMF action, repeatedly postponed and eagerly awaited by the Egyptian
government, arrives at a time of mounting difficulties for its economy.
The Board also approved a $5 billion extension announced at the beginning
of the month, bringing the Fund's total lending to Egypt to $8 billion.
A critical review of Cairo International Airport posted by travel blogger Ben Schlappig has sparked controversy, with Egyptian officials issuing
Morocco’s Minister of Investment has launched a multiday roadshow in Japan and South Korea to promote the country as
According to the Central Agency for Public Mobilization and Statistics (CAPMAS) trade exchange between Egypt and the African Union countries
For the second year in a row Libya is on the International Monetary Fund’s (IMF) list of the top
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