Pre-Trading Thoughts

The IMF is set to sign off on Egypt’s fourth review of its USD8 billion loan program when the Fund’s Executive Board meets tomorrow, giving the final greenlight for a USD1.2 billion tranche. A further USD1.3 billion could also be on the table, with the Fund set to discuss approving the funds under the Resilience and Sustainability Facility. France, Germany, Italy, and the UK voiced their support for Egypt’s USD53 billion, five-year plan to reconstruct Gaza, their foreign ministries said...