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International Monetary Fund

Flexible exchange rate will protect economy from external shocks | IMF’s Azour

“The measures that the central bank took last week in hiking interest rates...goes in the right direction. It's very important to control inflation," Azour explained

IMF deal to support economic stability and ability to absorb external shocks | CBE Gov.

Abdalla stated that the IMF deal will undoubtedly help Egypt restore macroeconomic stability and enhance its ability to absorb external shocks

Egypt finalizes agreement with IMF for $3B to run over 46 months

Egypt will also receive $5 billion from international partners and $1 billion from a sustainable fund which will help the country finance its external funding gap

Egypt and IMF agree to finalize work towards loan, set to meet again on Saturday

IMF MD Georgieva stated that the IMF and Egypt have resolved all “big policy issues” during discussions on the upcoming new loan program, and are scheduled to meet again on Saturday

CBE governor chairs plenary session of IMF, World Bank Group boards of governors

The Annual Meetings take place in Washington, D.C., between 10-16 October 2022.