There was "excellent progress" in talks with Egypt to enhance its IMF loan program, and "comprehensive support" was needed to help the country deal with pressures posed by refugees from the war in Gaza, the International Monetary Fund said on Thursday.
IMF spokesperson Julie Kozack told a regular news briefing that IMF staff and Egyptian authorities agreed on the main elements of program changes under combined first and second reviews © Mena Today
There was "excellent progress" in talks with Egypt to enhance its IMF loan program, and "comprehensive support" was needed to help the country deal with pressures posed by refugees from the war in Gaza, the International Monetary Fund said on Thursday.
IMF spokesperson Julie Kozack told a regular news briefing that IMF staff and Egyptian authorities agreed on the main elements of program changes under combined first and second reviews of Egypt's existing $3 billion loan and "authorities have expressed a strong commitment" to them.
She declined to discuss details of the Egypt package as the negotiations are continuing.
Regarding pressure on the talks posed by the issue of Gaza refugees, Kozack said: "There is a need to have a very comprehensive support package for Egypt and we're working very closely with both the Egyptian authorities and their partners to ensure that Egypt does not have any residual financing needs and also to ensure that the program is able to ensure macroeconomic and financial stability in Egypt."
By Andrea Shalal
Human Rights Watch has accused an Abu Dhabi-based security company of recruiting Colombian private military contractors and deploying them to fight alongside Sudan's Rapid Support Forces (RSF) between 2024 and 2025, adding to what the rights group describes as a growing body of evidence of Emirati military support for the paramilitary group.
Farmers across Sudan say the hike in global fuel and fertilizer costs resulting from the Iran conflict will force them to cut back on planting this summer, restricting food production in a country where war has caused acute hunger.
In a post published Monday on Truth Social, President Donald Trump issued what amounts to a sweeping diplomatic ultimatum to the Arab and Muslim world: normalise with Israel through the Abraham Accords, or forfeit any role in the Iran agreement he is working to finalise.
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