IMF Approves $2.3 Billion Disbursement to Egypt Following Economic Reform Reviews

The International Monetary Fund (IMF) announced on Wednesday that it has completed two reviews of Egypt’s economic reform programme, along with an additional review under the Resilience and Sustainability Facility (RSF), enabling Cairo to draw approximately $2.3 billion. According to the IMF, Egypt will receive around $2 billion under its…

Kenyan Civil Society Groups Accuse Government of Deepening Inequality and Mismanaging Public Finances

A coalition of Kenyan non-governmental organisations (NGOs) has accused the government of worsening economic inequality and escalating national debt, in a strongly worded briefing submitted to International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Monday. The briefing, delivered on the sidelines of the IMF and World Bank Annual Meetings…