IMF allows Egypt to draw $1.67 billion from stand by arrangement
By Reuters Staff 1 Min Read FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas CAIRO (Reuters) - The International Monetary Fund has completed the first review of Egypt’s reform program, allowing the country to draw $1.67 billion under a stand by arrangement (SBA), the fund said on Friday. This brings the total disbursement under the 12-month SBA to $3.6 billion, the IMF said in a statement. Reporting By Ahmed Tolba and Ulf Laessing; Editing by Chris Reese