{"id":572145,"date":"2020-06-14T04:22:50","date_gmt":"2020-06-14T04:22:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/14\/house-committee-approves-usd-2-8-bn-covid-19-imf-funding\/"},"modified":"2020-06-14T04:22:50","modified_gmt":"2020-06-14T04:22:50","slug":"house-committee-approves-usd-2-8-bn-covid-19-imf-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/14\/house-committee-approves-usd-2-8-bn-covid-19-imf-funding\/","title":{"rendered":"House committee approves USD 2.8 bn covid-19 IMF funding"},"content":{"rendered":"

LEGISLATION WATCH- House committee approves USD 2.8 bn covid-19 IMF <\/strong>funding:<\/strong> The House Economic Committee approved Egypt\u2019s agreement with the IMF for a USD 2.77 bn rapid financing instrument (RFI) on Thursday, Masrawy<\/a>reports. The IMF disbursed the funding<\/a> last month, a day after it was approved<\/a>. The RFI will help support the country\u2019s balance of payments and provide for additional spending on health and social protections as the country grapples with the fallout from covid-19.<\/p>\n

Additional IMF funding in the pipeline:<\/strong> The IMF reached a staff-level agreement<\/a> earlier this month for an additional USD 5.2 bn in standby funding (SBA). The executive board is expected to issue a final decision on the SBA in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- House committee approves USD 2.8 bn covid-19 IMF funding: The House Economic Committee approved Egypt\u2019s agreement with the IMF for a USD 2.77 bn rapid financing instrument (RFI) on Thursday, Masrawyreports. The IMF disbursed the funding last month, a day after it was approved. The RFI will help support the country\u2019s balance of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[7106,5288,72,274,272,4989,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572145","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-debt","tag-economic-affairs-committee","tag-enterpriseam","tag-house-of-representatives","tag-imf","tag-rfi","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"52165051-b781-4bf2-a457-b1f1bc1e03d6","is_powered_by":true,"section_story_id":"16943e92-e4f3-4837-afde-320acc8d2bd5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572138],"teaser":"","voice_url":""},"yoast_head":"\nHouse committee approves USD 2.8 bn covid-19 IMF funding - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/14\/house-committee-approves-usd-2-8-bn-covid-19-imf-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House committee approves USD 2.8 bn covid-19 IMF funding\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- House committee approves USD 2.8 bn covid-19 IMF funding: The House Economic Committee approved Egypt\u2019s agreement with the IMF for a USD 2.77 bn rapid financing instrument (RFI) on Thursday, Masrawyreports. The IMF disbursed the funding last month, a day after it was approved. 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The agreement will then be put to a vote in a plenary session, Al Mal reports. The committee\u2019s approval came despite a vocal minority\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571434,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/imf-greenlights-usd-2-8-bn-in-pandemic-aid-to-egypt\/","url_meta":{"origin":572145,"position":1},"title":"IMF greenlights USD 2.8 bn in pandemic aid to Egypt","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"IMF greenlights USD 2.8 bn in pandemic aid to Egypt: The International Monetary Fund\u2019s executive board signed off yesterday on the USD 2.77 bn rapid financing instrument (RFI) the Madbouly government asked for last month to help support its balance of payments as Egypt grapples with fallout from covid-19. \u201cThe\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571281,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/06\/first-tranche-of-fresh-imf-funding-to-land-on-monday-report\/","url_meta":{"origin":572145,"position":2},"title":"First tranche of fresh IMF funding to land on Monday -report","author":"enterpriseam admin","date":"6 May 2020","format":false,"excerpt":"First tranche of fresh IMF funding to land on Monday -report: The government will receive USD 2.7 bn from the International Monetary Fund (IMF) next Monday as a first tranche of funding to help it withstand the global economic shock caused by the covid-19 pandemic, Masrawy reports, citing an unnamed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/47.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571315,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/07\/imf-expected-to-approve-usd-2-7-bn-in-fresh-funding-for-egypt-on-monday\/","url_meta":{"origin":572145,"position":3},"title":"IMF expected to approve USD 2.7 bn in fresh funding for Egypt on Monday","author":"enterpriseam admin","date":"7 May 2020","format":false,"excerpt":"The IMF is expected to approve USD 2.7 bn in new funding for Egypt when it meets on Monday, Bloomberg reports, citing an official familiar with the matter. 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The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/71.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572492,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/28\/imf-gives-final-nod-on-usd-5-2-bn-in-funding-to-egypt\/","url_meta":{"origin":572145,"position":5},"title":"IMF gives final nod on USD 5.2 bn in funding to Egypt","author":"enterpriseam admin","date":"28 June 2020","format":false,"excerpt":"The IMF has approved a one-year USD 5.2 bn standby loan for Egypt, helping the country plug a balance of payments shortfall and finance its budget deficit, the fund\u2019s executive board said in a statement on Friday. 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