The International Monetary Fund (IMF) said it had reached a staff-level agreement with Egypt on the seventh review of its $8 billion support programme. The step could unlock about $1.64 billion in fresh financing as Cairo presses ahead with fiscal and structural reforms. The agreement, announced late on Monday, covers Egypt’s Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF). Subject to IMF Executive Board approval, Egypt would receive about $1.5 billion under the EFF and $136 million under the RSF, bringing total disbursements under both arrangements to $7.2 billion. [...]