STORY: Egyptian PM commends IMF loans
SHOOTING TIME: April 28, 2024
DATELINE: April 29, 2024
LENGTH: 00:00:35
LOCATION: Riyadh
CATEGORY: ECONOMY

SHOTLIST:
1. various of Egyptian Prime Minister Mostafa Madbouly attending a special meeting of the World Economic Forum in Riyadh (Courtesy of the Egyptian Cabinet)

STORYLINE:

During a meeting with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva in the Saudi capital of Riyadh on Sunday, Egyptian Prime Minister Mostafa Madbouly expressed gratitude for the collaboration between the Egyptian government and the IMF.

The two leaders were in Riyadh to attend a special meeting of the World Economic Forum (WEF).

Madbouly emphasized that the IMF's approval to increase the value of the financing program provided to Egypt reflects the high level of confidence the international financial institution has in the Egyptian economy.

Egypt has met seven commitments out of 15 pledges under its ongoing eight-billion-dollar Extended Fund Facility (EFF) loan program with the IMF, according to the fund's report released on Friday following the completion of the first and second reviews.

Xinhua News Agency correspondents reporting from Riyadh.
(XHTV)