Egypt Takes Proactive Approach to Limit the Pandemic’s Fallout

Egypt Takes Proactive Approach to Limit the Pandemic’s Fallout

July 2020

As part of Egypt’s two-step request for IMF financing to respond to COVID-19, $5.2 billion was approved under the 12-month Stand-by Arrangement (SBA).  Financing under the SBA follows the $2.8 billion approved in May under the IMF’s Rapid Financing Instrument.

A worker disinfects the streets of Cairo. The health crisis has severely hit Egypt’s tourism industry, one of the country's main sources of income. (photo: Xinhua News Agency/Newscom)

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