PM:  IMF to begin delayed review of Egypt loan program

PM:  IMF to begin delayed review of Egypt loan program
Source: Getty Images 

The International Monetary Fund will this week begin its delayed fourth review of Egypt's 46-month loan program, PrimeMinister Mostafa Madbouly said on Sunday. The review had originally been scheduled for the end of September.  It comes under an agreement Cairo signed with the IMF in April, expanding an original loan from $3 billion to $8 billion to help Egypt manage its economic challenges. The fourth review will unlock $1.2 billion in new financing.

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