{"id":640458,"date":"2024-08-26T00:00:00","date_gmt":"2024-08-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/imf-representatives-are-scheduled-to-visit-in-october-for-our-fourth-loan-review\/"},"modified":"2024-08-26T00:00:00","modified_gmt":"2024-08-26T00:00:00","slug":"imf-representatives-are-scheduled-to-visit-in-october-for-our-fourth-loan-review","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/imf-representatives-are-scheduled-to-visit-in-october-for-our-fourth-loan-review\/","title":{"rendered":"IMF representatives are scheduled to visit in October for our fourth loan review"},"content":{"rendered":"

Good afternoon, all. <\/strong>It\u2019s shaping up to be another calm news day as we enjoy one of the last days before summer comes to an end and the academic year kicks off. <\/p>\n

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THE BIG STORY TODAY-<\/p>\n

Fourth review incoming: <\/strong>Representatives from the IMF should land in town early October to conduct the fourth review of our USD 8 bn loan program, which should unlock some USD 1.3 bn in funding, unnamed sources told Al Arabiya<\/a>. The visit was pushed back from its initial date in September. <\/p>\n

On the agenda: <\/strong>The review will focus on reforms like further subsidy cuts, capping tax breaks, and boosting revenues. <\/p>\n

When can we see the funds roll in? <\/strong>The IMF Executive Board should greenlight the review in a December meeting, the sources said. <\/p>\n

Remember: <\/strong>The IMF completed<\/a> its third review of our loan program in late July and the USD 820 mn tranche landed in state coffers<\/a> just days later. <\/p>\n

<\/a> <\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

It\u2019s another afternoon with Gaza on the front pages: <\/strong>The latest round of ceasefire talks that took place in Cairo yesterday failed to bring about an agreement, with neither Hamas nor Israel agreeing to \u201ccompromises\u201d put forth by mediating parties, two unnamed Egyptian sources told Reuters. \u201cWorking groups\u201d will remain in Cairo to continue addressing the sticking points. Meanwhile, all eyes are on the region<\/a> in anticipation of further escalations following yesterday\u2019s fire exchange between Israel and Hezbollah. <\/p>\n

<\/a> <\/p>\n

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