IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances

Washington-based lender says Cairo agreed to raise tax-to-revenue ratio and accelerate divestment of state-owned firms.

Dec 25, 2024 - 04:35
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IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances
Washington-based lender says Cairo agreed to raise tax-to-revenue ratio and accelerate divestment of state-owned firms.