Egypt receives $282m loan tranche as part of AMF Structural Adjustment Facility

The Arab Monetary Fund (AMF) provided, on 12 August, Arab Accounting Dinar 65.775m (approximately $282m) to the Egyptian government as the second tranche of a loan within the framework of the Structural Adjustment Facility in the Public Finance Sector, contracted on 21 July 2020.

The tranche aims to avail resources to help the country implement economic and financial reforms, while strengthening its resilience to various challenges.

AMF is keen to support the efforts of its member countries to implement economic, financial, and structural reforms, in face of various challenges, through a number of means, including financing the needs of the balance of payments and public budgets, and financing trade through its affiliate the Arab Trade Financing Program.

In addition, the Fund plays a role in promoting policy dialogue and consultation on economic, financial and developmental issues via its various forums and activities, providing technical advice to member countries in the field of economic, fiscal, and financial policies. It also provides training for government officials in member countries through its Institute for Training and Capacity Building.