According to a press release from the IMF, Egypt has just been approved for a new multi-billion dollar loan.<\/p>\n
In order to undertake comprehensive economic policies and reforms for a 46-month period amid Egypt’s continued economic difficulties, the loan is provided in the form of a staff-level agreement.<\/p>\n
This anticipated agreement is broken down into two parts: a multi-year financing package worth EGP 114 billion (USD 5 billion) that will start during the fiscal year 2022\u20132023 and “reflects broad international and regional support for Egypt,” and a pending EGP 22 billion (USD 1 billion) finance request to the IMF’s recently established Resilience and Sustainability Facility.<\/p>\n
<\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"According to a press release from the IMF, Egypt has just been approved for a new multi-billion dollar loan. Egypt and the IMF have agreed to a deal for EGP 68 billion (USD 3 billion) In order to undertake comprehensive economic policies and reforms for a 46-month period amid Egypt’s continued economic difficulties, the loan … ","protected":false},"author":4089,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[458,430],"tags":[701,698,699,700],"class_list":["post-56029","post","type-post","status-publish","format-standard","hentry","category-announcements","category-news","tag-economy","tag-imf","tag-loan","tag-us-dollar"],"acf":{"hide_featured_image":false,"featured_image":{"ID":56030,"id":56030,"title":"ddd8641e467b0b03b71ffcef924410df35ea4233","filename":"ddd8641e467b0b03b71ffcef924410df35ea4233.jpg","filesize":1,"url":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233.jpg","link":"https:\/\/lovin.co\/cairo\/en\/announcements\/egypt-receives-usd-3-billion-loan-with-another-multi-billion-loan-in-the-works\/attachment\/ddd8641e467b0b03b71ffcef924410df35ea4233\/","alt":"","author":"4089","description":"","caption":"","name":"ddd8641e467b0b03b71ffcef924410df35ea4233","status":"inherit","uploaded_to":56029,"date":"2022-10-28 10:18:25","modified":"2022-10-28 10:18:25","menu_order":0,"mime_type":"image\/jpeg","type":"image","subtype":"jpeg","icon":"https:\/\/lovin.co\/cairo\/wp-includes\/images\/media\/default.png","width":870,"height":489,"sizes":{"thumbnail":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233-small.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233-medium.jpg","medium-width":300,"medium-height":169,"medium_large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233-768x432.jpg","medium_large-width":768,"medium_large-height":432,"large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233-large.jpg","large-width":870,"large-height":489,"1536x1536":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233.jpg","1536x1536-width":870,"1536x1536-height":489,"2048x2048":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233.jpg","2048x2048-width":870,"2048x2048-height":489,"small":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233-230x129.jpg","small-width":120,"small-height":67,"custom-size":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/23\/2022\/10\/28121825\/ddd8641e467b0b03b71ffcef924410df35ea4233.jpg","custom-size-width":356,"custom-size-height":200}},"featured_image_caption":"","ad_square_right":"","summary":"","flexible_content":[{"acf_fc_layout":"text_block","content":"
According to a press release from the IMF, Egypt has just been approved for a new multi-billion dollar loan.<\/p>\n
Egypt and the IMF have agreed to a deal for EGP 68 billion (USD 3 billion)<\/h2>\n
In order to undertake comprehensive economic policies and reforms for a 46-month period amid Egypt’s continued economic difficulties, the loan is provided in the form of a staff-level agreement.<\/p>\n
This anticipated agreement is broken down into two parts: a multi-year financing package worth EGP 114 billion (USD 5 billion) that will start during the fiscal year 2022\u20132023 and “reflects broad international and regional support for Egypt,” and a pending EGP 22 billion (USD 1 billion) finance request to the IMF’s recently established Resilience and Sustainability Facility.<\/p>\n"}],"legacy_image":"","legacy_full_image":"","type_of_video":"Self Hosted","lovin_video_link":false,"lovin_video_link_webm":false,"video_thumbnail":false,"disable_ads":false,"slots_script_override":"","ad_horizontal_top_desktop":"","ad_vertical_left_desktop":"","ad_vertical_right_desktop":"","ad_horizontal_top_tablet":"","ad_horizontal_bottom_tablet":"","ad_horizontal_mobile_1":"","ad_horizontal_mobile_2":"","ad_horizontal_mobile_3":"","article_ad_infeed_slot":"","ad_square_podcast":"","disable_lovin_hearts":false,"lovin_heart_title":"","show_sponsor":false,"sponsor_image":false,"sponsor_name":"","sponsor_content":"","sponsor_website":"","sponsor_facebook":"","sponsor_twitter":"","sponsor_instagram":"","enable_reveal_feature":false,"reveal_image":false,"legacy_sponsor_name":"","legacy_sponsor_website":"","legacy_sponsor_content":"","legacy_sponsor_image":"","legacy_meta_tags":"","is_guest_user":true,"guest_user_name":"Lovin Cairo","guest_user_image":false,"guest_user_url":"","episode_number":"","embed_code":"","episode_introduction":""},"yoast_head":"\n
Egypt Receives USD 3 Billion Loan, With Another Multi-Billion Loan In The Works<\/title>\n<meta name=\"description\" content=\"This anticipated agreement is broken down into two parts: a multi-year financing package worth EGP 114 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lovin.co\/cairo\/en\/announcements\/egypt-receives-usd-3-billion-loan-with-another-multi-billion-loan-in-the-works\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt Receives USD 3 Billion Loan, With Another Multi-Billion Loan In The Works\" \/>\n<meta property=\"og:description\" content=\"This anticipated agreement is broken down into two parts: a multi-year financing package worth EGP 114 billion.\" \/>\n<meta property=\"og:url\" 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