{"id":662114,"date":"2025-03-11T00:00:00","date_gmt":"2025-03-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/11\/usd-1-2-bn-are-coming-our-way-within-days-after-the-imf-board-completed-fourth-review-of-our-loan-program\/"},"modified":"2025-03-11T00:00:00","modified_gmt":"2025-03-11T00:00:00","slug":"usd-1-2-bn-are-coming-our-way-within-days-after-the-imf-board-completed-fourth-review-of-our-loan-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/11\/usd-1-2-bn-are-coming-our-way-within-days-after-the-imf-board-completed-fourth-review-of-our-loan-program\/","title":{"rendered":"USD 1.2 bn are coming our way within days after the IMF Board completed fourth review of our loan program"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>That\u2019s a wrap on the fourth review: <\/strong>The IMF Executive Board has completed the fourth review of Egypt\u2019s USD 8 bn loan program, allowing for the disbursement of USD 1.2 bn \u2014 the biggest tranche of the program so far \u2014 Finance Minister Ahmed Kouchouk said during the annual ministry Iftar yesterday. <strong>We are still waiting on the IMF <\/strong><strong>to release its statement.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Egypt and the IMF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ee2d6d5-0a27-42b9-80f5-e48682e6103d\/imf-reaches-staff-level-agreement-with-egypt-on-fourth-loan-review\" style=\"\" rel=\"noopener\">reached a staff-level agreement<\/a> on the fourth review in December. The two sides agreed \u201cto recalibrate the fiscal consolidation path to create fiscal space for critical social programs benefiting vulnerable groups and the middle class, while ensuring debt sustainability.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expect the funds to land in state coffers within days<\/strong>, IMF executive director and former finance minister Mohamed Maait told <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2025\/03\/10\/%d8%b9%d8%a7%d8%ac%d9%84-%d8%af-%d9%85%d8%ad%d9%85%d8%af-%d9%85%d8%b9%d9%8a%d8%b7-3-%d9%85%d9%88%d8%a7%d9%81%d9%82%d8%a7%d8%aa-%d9%84%d9%85%d8%b5%d8%b1-%d9%81%d9%8a-%d8%a7%d8%ac%d8%aa%d9%85%d8%a7\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all: <\/strong>The Board also approved the USD 1.3 bn in funds under the Resilience and Sustainability Facility, Maait said. The additional climate financing will be disbursed in tranches rather than a lump sum, IMF Communications Director Julie Kozack previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5999b3ee-1aaf-49ad-a09a-66afd16e19b6\/egypt%25e2%2580%2599s-plan-to-reconstruct-gaza-receives-european-backing\" style=\"\" rel=\"noopener\">said<\/a>. The timeline of when we\u2019ll get the first of the funds is yet to be determined, Maait said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM KOUCHOUK- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the state budget for next fiscal year: <\/strong>The government will triple allocations for economic support in next fiscal year\u2019s budget, including the funds going towards the export subsidy program and the Automotive Industry Development Program, the finance minister said. We got our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa9793d3-eb85-490a-b76a-263b90ba4986\/sneak-peek-into-the-general-government%253cmark%253e-budget%253c%2Fmark%253e-for-fy-2025-26\" style=\"\" rel=\"noopener\">first look<\/a> at next year\u2019s budget last month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>The second phase of the tax reforms will be rolled out next year, he added.The <a target=\"_blank\" rel=\"noopener\">first phase<\/a> of the reforms was introduced in October and includes a simplified tax system for SMEs, a central clearing system, and measures to integrate the informal economy. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Board also approved USD 1.3 bn in funds under the Resilience and Sustainability Facility<\/p>\n","protected":false},"author":1,"featured_media":662115,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7206],"tags":[7106,104,72,272],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-debt","tag-economy","tag-enterpriseam","tag-imf","wpautop","entry"],"acf":{"mongo_id":"9a441dfe-8f45-4add-95a8-80cfd3dc50f7","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/790.jpg","photo_position":"above","homepage_title":"","full_issue_title":"USD 1.2 bn are landing in Egypt within days after the IMF Board completed fourth review of its loan program","related_issue":[662109],"teaser":"The Board also approved USD 1.3 bn in funds under the Resilience and Sustainability Facility","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.c74583d5-0f96-49c6-988d-38ba4d1c148e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>USD 1.2 bn are coming our way within days after the IMF Board completed fourth review of our loan program - 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\/2025\/03\/11\/usd-1-2-bn-are-coming-our-way-within-days-after-the-imf-board-completed-fourth-review-of-our-loan-program\/\" \/>\n<meta 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meeting","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654513,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/04\/imf-to-begin-egypts-fourth-loan-review-tomorrow-more-from-imf-heads-visit\/","url_meta":{"origin":662114,"position":1},"title":"IMF to begin Egypt\u2019s fourth loan review tomorrow + more from IMF head\u2019s visit","author":"enterpriseam admin","date":"4 November 2024","format":false,"excerpt":"The Fund completed its third review of the country\u2019s loan program in late July","rel":"","context":"In 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