IMF to release staff report on Egypt's $12 bln loan agreement

The International Monetary Fund (IMF) will release in an online conference on Wednesday the staff report and documents related to Egypt’s three-year $12 billion loan agreement.
The online conference, to take place at 5pm Cairo Time, will see the first comprehensive report released by the IMF on the loan agreement with Egypt.

The IMF deal was approved by the cabinet on 11 January, but is yet to be approved by parliament.

In November, the British embassy in Egypt revealed some clauses of the loan agreement, including the commitment of an additional 1 percent of GDP towards protecting the poorest citizens from rising inflation, new measures that will increase female labour force participation, and a plan to clear outstanding arrears to international oil companies.