The International Monetary Fund (IMF) staff team believed that Egypt has been on track to receive the second installment of the 12-month Stand-by Arrangement (SBA) financial assistance, according to a November 19 th report. Subject to the approval of the IMF executive board, nearly $1.6 billion (EGP 24.96 billion) that is equivalent to an additional 1.16 billion of Egypt’s quota will be available to the North African state. Last June, ...