End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country.
Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.
Washington, DC - In response to a request from the Egyptian authorities, an International Monetary Fund (IMF) mission led by Ms. Uma Ramakrishnan held virtual meetings from May 19 to June 5, 2020 with the Egyptian authorities to discuss IMF financial support for the authorities' policy plans to ensure macroeconomic stability and a strong economic recovery.
At the end of the virtual discussions, Ms. Ramakrishnan issued the following statement:
"I am pleased to announce that the Egyptian authorities and the IMF team have reached staff-level agreement on economic policies that could be supported by a 12-month Stand-By Arrangement (SBA).
"This agreement is subject to approval by the IMF's Executive Board, which is expected to consider Egypt's request in the coming weeks."
