The International Monetary Fund wants Egypt to enact more of the reforms that Cairo has committed to before it conducts the first review of the country’s $3bn rescue package, Bloomberg News has reported.

The Washington-based lender wants Cairo to privatise certain state assets and allow flexibility in the Egyptian pound to make sure the review is successful, Bloomberg reported on Sunday, citing unnamed people familiar with the matter.

IMF Managing Director Kristalina Georgieva said last week that the fund was preparing to carry out the review but did not say when it might take place.

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