Egypt Receives $820 Million From IMF's Extended Fund Facility (EFF) Deal.

Egypt has secured $820 million as the second tranche of the International Monetary Fund's (IMF) loan program.

The country has been taking decisive measures to grow its economy, consistently reduce its debt-to-GDP ratio, and increase revenue through deals with some Middle Eastern investors.

Despite facing economic challenges similar to those experienced by other African nations, the Egyptian government has shown its determination to grow the economy through pro-business policies. This growth is reflected in the remarkable increase in foreign reserves, which has now grown to over $40 billion.