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'Fruitful' Discussions Between IMF, Egypt

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas/File Photo
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas/File Photo
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'Fruitful' Discussions Between IMF, Egypt

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas/File Photo
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas/File Photo

The International Monetary Fund’s discussions with Egypt will continue virtually towards starting its first review mission, according to an IMF statement.

Discussion between the IMF and Egypt were "fruitful" in preparation for the review, the statement said Sunday.

The IMF in December approved a $3 billion Extended Fund Facility loan for Egypt.

Disbursements under the 46-month program are subject to eight reviews, the first of which was dated March 15, 2023, in an IMF staff report published in December.

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Saudi Arabia, Netherlands Sign Several Agreements on Environment, Water and Agriculture

During his visit to the Netherlands, the Saudi Vice Minister of Environment, Water and Agriculture oversaw the signing of 27 agreements and MoUs. SPA
During his visit to the Netherlands, the Saudi Vice Minister of Environment, Water and Agriculture oversaw the signing of 27 agreements and MoUs. SPA
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Saudi Arabia, Netherlands Sign Several Agreements on Environment, Water and Agriculture

During his visit to the Netherlands, the Saudi Vice Minister of Environment, Water and Agriculture oversaw the signing of 27 agreements and MoUs. SPA
During his visit to the Netherlands, the Saudi Vice Minister of Environment, Water and Agriculture oversaw the signing of 27 agreements and MoUs. SPA

Saudi Arabia and the Netherlands have signed several agreements and memoranda of understanding (MoUs) between entities from the environment, water and agriculture sectors.

The deals include investments exceeding SAR428 million to develop and localize advanced technologies in environmental, water and agricultural fields.

During his June 10–12 visit to the Netherlands, Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour bin Hilal Al Mushaiti oversaw the signing of 27 agreements and MoUs, in the presence of senior officials from the ministry and representatives from both the public and private sectors.

The visit comes as part of the ministry’s strategy to enhance the global competitiveness of Saudi Arabia’s agricultural sector, expand the production and export of local agricultural products, boost trade with the Netherlands and strengthen international partnerships in line with the goals of Saudi Vision 2030.