Thndr Claps » EGY Claps » Economy 🏙 » IMF deal in sight ⏳
The ClapNegotiations between Egypt and the IMF are at a very advanced stage, with a final agreement expected to be reached within days or weeks.The DeetsThe IMF’s managing director said that the loan program presented to Egypt is “large”, but that the final value of the loan will be determined at the end of the negotiations.Why this MattersThe IMF managing director’s statements were consistent with the IMF Director of the Middle East Department’s statements, who had stated that negotiations are in continuous progress, and will reach their final stages soon.Egypt needs the support of the IMF in order to be able to restore investors’ confidence in the market to pump their investments into the Egyptian economy.
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