CLEAN : IMF says reached initial deal with Egypt for $12 bn loan

The IMF team has reached a staff level agreement on a 3-year extended fund facility worth 8.6 billion SDRs, equivalent to approximately $12 billion. This agreement outlines the financial support and terms for the involved parties.

What is the equivalent amount of the extended fund facility in USD?

• $8 billion

• $10 billion

• $12 billion

• $15 billion

What does SDR stand for in the context of the IMF?

• Special Drawing Rights

• Standard Development Rate

• Sovereign Debt Relief

• Social Development Resources