IMF approves 820-mln-USD disbursement to Egypt

CAIRO, Aug. 26 (Xinhua) -- The International Monetary Fund (IMF) on Monday approved a disbursement of 820 million U.S. dollars to Egypt as part of an 8 billion-dollar loan program.

The IMF said macroeconomic conditions in Egypt have improved since the program's first and second reviews in March, noting that inflationary pressures are gradually abating, foreign exchange shortages have been eliminated, and fiscal