for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

REFILE-IMF reaches staff-level agreement with Egypt upon first review of $5.2 bln financing

(Refiles to correct day of the week to Thursday in first paragraph)

CAIRO, Nov 19 (Reuters) - The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement with Egypt after the first review of a $5.2 billion financing.

Upon the approval of the executive board, a $1.6 billion tranche will be disbursed, the statement said.

“The Egyptian economy performed better than expected despite the pandemic,” the IMF statement said.

Reporting by Hesham Abdul Khalek; Writing by Nadine Awadalla; Editing by Chris Reese

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up