Pre-Trading Thoughts

The IMF Board completed the First and Second Reviews for Egypt and approved an augmentation of the original program by about USD5 billion, allowing the authorities to draw the equivalent of about USD820 million. Egypt will receive the first tranche of an expanded loan agreement with the IMF next week, Prime Minister said during a news conference. He added that it is expected to receive the second batch for the Ras El Hikma deal early May. The EU intends to fast-track some of its aid mon...