The Executive Board of the International Monetary Fund (IMF) approved a 46-month $3 billion arrangement under the Extended Fund Facility (EFF) for Egypt. In a press statement, the IMF said the Executive Board’s decision enables an immediate disbursement of SDR 261.13 million (equivalent to about $347 million), which will help meet the balance of payments needed and provide support to the budget. It added that over the course of the ...