[ TRANSACTION RECORD ]

World Bank Group Investment in Sovereign of Egypt — 2024

VERIFIED VECTOR ID: 002146 · tx-242
M SOURCE NODE — FUNDER
World Bank Group
Finance United States
$8,000,000,000
DEBT
29/03/2024
Q DESTINATION NODE — RECIPIENT
Sovereign of Egypt
Government Egypt
Amount (USD)
$8.0B
Flow Type
DEBT
Transaction Date
29/03/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity World Bank Group
AUM 350000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity Sovereign of Egypt
Entity Type Government
Jurisdiction Egypt
Intelligence Note

The International Monetary Fund increased its financial support for the Government of Egypt to 8 billion dollars to bolster the nation’s economic reform and fiscal resilience. This transaction aims to support private sector growth and maintain macroeconomic stability in the region. The deal highlights the scale of institutional intervention required for large-scale economic restructuring.

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Primary Forensic Source https://www.imf.org/en/News/Articles/2024/03/29/pr24101-egypt-imf-executive-board-approves-extended-fund-facility-augmentation/
✓ SOURCE LINKED