Egypt Takes Proactive Approach to Limit the Pandemic’s Fallout

Egypt Takes Proactive Approach to Limit the Pandemic’s Fallout

July 2020

As part of Egypt’s two-step request for IMF financing to respond to COVID-19, $5.2 billion was approved under the 12-month Stand-by Arrangement (SBA).  Financing under the SBA follows the $2.8 billion approved in May under the IMF’s Rapid Financing Instrument.