(Adds background)
CAIRO, April 13 (Reuters) - Egypt and the International
Monetary Fund have yet to agree on a date for the initial review
under a $3 billion financial package signed in December, an IMF
official said on Thursday.
The IMF in December approved a $3 billion Extended Fund
Facility loan for Egypt, which has been under acute financial
pressure since long-standing problems were exposed by the
economic fallout from the war in Ukraine.
Disbursements under the 46-month programme are subject to
eight reviews, the first of which was dated March 15, 2023, in
an IMF staff report published in December.
"We are in regular dialogue with authorities in order to
prepare for the first review and the first review preparations
have started and when we and the authorities are ready we will
announce the date of the first review,” Jihad Azour, director of
the IMF's Middle East and Central Asia Department, told a news
conference.
(Reporting by Sarah El Safty and Patrick Werr; Editing by
Alison Williams, William Maclean)
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