The International Monetary Fund said on Thursday that a staff mission is currently in Egypt to conduct the latest reviews on the country's Extended Fund Facility and Resilience and Sustainability Trust loan programs, which will determine a possible $1.6 billion disbursement.
IMF spokesperson Julie Kozack told a news briefing that if the review mission results in a staff-level agreement with Egyptian authorities, a board vote on completion of the reviews and the disbursement could take place over the summer months.
But she commended Egyptian authorities on making decisive policy actions that have limited the economic impact of the US-Israeli war on Iran, including keeping fiscal pressures in check.
She said that the IMF staff mission will confirm the resiliency of Egyptian growth.
