She added during a press conference on Thursday that the Fund is currently working with the Egyptian government to complete some reform measures related to completing the fourth review.
Kozak said that the recent efforts made by the Egyptian government to restore macroeconomic stability have begun to achieve positive results.
She explained that the existence of a flexible exchange rate system remains the cornerstone of the program.
Last August, he said International Monetary Fund In a review, he eased several conditions in the $8 billion financial support package for Egypt, including allowing Cairo more time to implement reforms.
I agreed Egypt The fund is due for a package in 2022, but the fund has postponed disbursement of payments several times, and this new review involves relaxing some of the fund’s criteria.
The latest review, approved in late July but only made public on Monday, is Egypt’s third, and came after an increase in the size of the package in March. The IMF conducts two reviews a year before disbursing funds.
