Egypt Economic and general news The International Monetary Fund (IMF) may merge the fifth and sixth program reviews of Egypt’s USD8bn Extended Fund Facility (EFF) due to a delay by the Egyptian government in executing structural reforms which could postpone the disbursal of the fifth tranche by six months, according to unidentified sources familiar with

Egypt  Economic and general news Egypt’s net international reserves (NIR) increased by USD108m m-o-m in August to USD46.597bn from USD46.489bn in July, according to Central Bank of Egypt (CBE)’s data. Deposits not included in official reserves decreased by USD660m m-o-m in August to USD9.20bn, the data showed. (CBE) Our Comment: Egypt received USD820m from the

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