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IMF begins 7th review of Egypt’s EFF program, eyes $1.6bln disbursement

A mission from the International Monetary Fund (IMF) arrived in Cairo for the seventh review of Egypt’s extended fund facility (EFF) program, with the process potentially unlocking around $1.6 billion in new financing, IMF Communications Director Julie Kozack said in a press briefing. The mission is also conducting the second review under the Resilience and Sustainability Facility (RSF), while holding discussions with authorities to assess the impact of the war in the Middle East on the Egyptian economy. [...]