The International Monetary Fund said on Monday it had completed a review allowing Egypt to draw $820 million, saying efforts to restore macroeconomic stability had started to yield results but urging more progress on reining in state-owned enterprises.

The World Bank through the International Development Association agreed on a $1.5 billion financing for Ethiopia as part of a $16.6 billion package it’s committing to provide the nation over three years.

Ethiopia’s currency has lost 30% of its value the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to sta

The IMF has released $820 million to Egypt following its third loan program evaluation, urging the nation to pursue further economic reforms amid ongoing fiscal challenges. IMF Disburses $820 Million to Egypt,

Egypt completed a much-anticipated review of its expanded International Monetary Fund loan program, unlocking $820 million in support for an economy emerging from its worst crisis in decades.

The International Monetary Fund released about $820 million in funding to Egypt after the completion of the third review of its extended loan programme but urged for more reforms in the Arab world's most populous country.