IMF Managing Director, Kristalina Georgieva, revealed this in an interview with Al-Sharq, where she also mentioned that the IMF may reconsider its support conditions for Lebanon amid the ongoing conflict.
Georgieva added in response to questions from Youm7 during a press conference held in Washington that Egypt is implementing important economic reforms.
This announcement was made during a press conference held alongside the presentation of key economic indicators for the fiscal year 2023/2024
The IMF pointed to the Ras El-Hekma deal's role in reducing overall financing needs and debt.
The third tranche will be disbursed to Egypt within days, as part of an agreement worth $8 billion that was approved in March.