Pre-Trading Thoughts

The IMF's board will meet to discuss the staff-level agreement-approved third review of Egypt's USD 8 bn loan program on 29 July, after initially being penciled in for today. An anonymous senior government official said that the delay stems from Egypt “not meeting some conditions.” However, the source clarified that these were “simple procedures by the Fund that will be clarified soon. The Chairman of the General Investment Authority, revealed that Egypt aims to attract USD20 billion in priva...