IMF Approves $1.774 Billion for Egypt
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The International Monetary Fund (IMF) has approved the disbursement of $1.774 billion to Egypt following the final Executive Board approval. This includes $1.5 billion for the seventh review of the core EFF arrangement and approximately $274 million designated under the Resilience and Sustainability Facility to finance environmental and climate projects in Egypt. The funds are expected to boost foreign exchange reserves, foster local exchange rate stability, and cover international financial obligations.
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