The International Monetary Fund approved the disbursement of $1.2 billion to Egypt following completion of the fourth review of the country's $8 billion economic reform programme, after allowing Egypt to waive a primary budget surplus target.

The International Monetary Fund (IMF) has approved disbursement of $1.2 billion to Egypt after completing the fourth review of the country's $8 billion economic reform programme. The IMF's executive board also approved Egypt's request for an arrangement under the resilience and sustainability facility (RSF),