(Refiles to correct day of the week to Thursday in first paragraph)
CAIRO, Nov 19 (Reuters) - The International Monetary Fund (IMF) said on Thursday it had reached a staff-level agreement with Egypt after the first review of a $5.2 billion financing.
Upon the approval of the executive board, a $1.6 billion tranche will be disbursed, the statement said.
“The Egyptian economy performed better than expected despite the pandemic,” the IMF statement said.
Reporting by Hesham Abdul Khalek; Writing by Nadine Awadalla; Editing by Chris Reese
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