Economy Country November 14, 2024

Egypt Denies Request for IMF Loan Increase

The Egyptian Cabinet's media center confirmed that the authorities did not request the International Monetary Fund to increase the value of the fourth tranche to $2 billion.


Egypt Denies Request for IMF Loan Increase

The media center of the Egyptian government confirmed that Egyptian authorities did not request from the International Monetary Fund an increase in the volume of the 'fourth tranche' to two billion dollars.

'No requests from Egypt regarding the increase in the volume of financing were made,' - officials reported.

This information prompted discussions related to the fact that earlier there were rumors about a possible appeal to the IMF for additional resources.