Cover IMF Staff Country Reports
Arab Republic of Egypt: Ex-Post Evaluation of Exceptional Access Under the 2020 Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Arab Republic of Egypt
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 237
Language:
English
Publication Date:
26 Jul 2022
DOI:
https://doi.org/10.5089/9798400215308.002
ISBN:
9798400215308
ISSN:
1934-7685
Pages:
52
Keywords:
monetary policy committee; fund policy; SBA approval; debt maturity; duration SBA; COVID-19; Inflation; Exchange rate flexibility; Structural reforms; Global
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The Executive Board approved a 12-month Stand-By Arrangement (SBA) on June 26, 2020, to support the Egyptian authorities’ response to the COVID-19 pandemic. The SBA, at 184.8 percent of quota, was part of a two-step support strategy that was preceded by a purchase under the Rapid Financing Instrument on May 11, 2020, at 100 percent of quota. Both reviews of the SBA were concluded on time and all program conditionality was met. The arrangement expired on June 25, 2021.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 237