PM: New IMF deal to help Egypt secure World Bank, EU soft loans

MoneyBanksEgypt News
By Yomna Yasser
Moustafa Madbouly
Under the auspices of Egyptian Prime Minister Moustafa Madbouly, the second annual Women Professionals Summit (WPS) will announce next Sunday the annual list of the most influential women for the year 2022

Egypt’s Prime Minister Moustafa Madbouly said the new agreement with the International Monetary Fund (IMF) will enable the country to secure soft loans from other international financial institutions, including the World Bank.
The Prime Minister made these remarks during a press conference held at the Cabinet’s headquarters in the New Administrative Capital to announce reaching a new agreement with the IMF, which included more than doubling IMF’s rescue programme for Egypt to $8 billion.

The agreement is subject to the IMF board’s approval.

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