Egypt-IMF reach staff-level agreement on a Three-year US$12 Bln fund facility
The Egyptian government, the Central Bank of Egypt (CBE) and the IMF have reached a staff-level agreement on a three-year Extended Fund Facility (EFF) in the amount of SDR 8.5966 billion (422 percent of quota or about US$12 billion), a statement by Chris Jarvis, IMF mission chief for Egypt said on Thursday.