IMF to Conduct Key Egypt Consultations Once Loan Review Complete
Mostafa Madbouly, Egypt’s prime minister, left, shakes hands with Kristalina Georgieva at the UN’s annual climate talks in Sharm El-Sheikh last year.
Photographer: Islam Safwat/BloombergThis article is for subscribers only.
The International Monetary Fund will carry out its annual assessment of Egypt’s economy once the cash-strapped country manages to pass a delayed review of its $3 billion rescue program.
“We are giving priority to engaging with the authorities on steps to complete the review under the Extended Fund Facility to support macroeconomic stabilization,” an IMF spokesperson told Bloomberg by email on Tuesday. “Once the review is completed, we will schedule the Article IV consultation.”