Egypt to receive 1st tranche of IMF loan next week: PM

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Egypt to receive 1st tranche of IMF loan next week: PM

STORY: Egypt to receive 1st tranche of IMF loan next week: PM SHOOTING TIME: March 30, 2024 DATELINE: March 31, 2024 LENGTH: 00:01:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Prime Minister inspecting the factory (Courtesy of the Egyptian Cabinet) 2. shots of the Egyptian Prime Minister delivering a speech in the industrial zone (Courtesy of the Egyptian Cabinet) 3. various of the Egyptian Prime Minister inspecting the factory (Courtesy of the Egyptian Cabinet) STORYLINE: Egyptian Prime Minister Mostafa Madbouly announced on Saturday that Egypt is set to receive the inaugural installment of an 8-billion-dollar expanded loan program from the International Monetary Fund (IMF) next week. Speaking at an industrial zone near Cairo, Madbouly added that Egypt is working on increasing dollar resources by supporting industry and export. The IMF had previously approved a 3-billion-dollar, 46-month Extended Fund Facility (EFF) arrangement for Egypt in late 2022, aimed at supporting it

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