Egypt

Urgent .. Madbouly: The approval of the International Monetary Fund for the fourth review is a message of confidence in the Egyptian state

Prime Minister Dr. Mustafa Madbouly emphasized that the approval of the Monetary Fund on the fourth review of the Egypt program is considered a message of confidence in the Egyptian state and that it continues in the economic reform program and continues to achieve targets in agreement with the fund. The first Monday, he agreed to the fourth review of the Egypt program and the funding of the program by about 1.2 billion dollars in the new batch, as well as approval of the financing for the hardness and flexibility fund for the green transformation of about 1.3 billion dollars, and they will be received in installments throughout the coming period, and targets the initiatives of the green transformation, and the loan is easy compared to the rest of the other loans. The fourth review is that in light of the directives of the President, the fund was asked to review some of the targets and amend the timing of time programs to implement a number of targets and thus the fund approved these amendments, and noted that this meeting achieved more than one goal from this issue. 400 thousand housing units.

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