The IMF is delaying the first review of Egypt USD 3 bln bailout program until additional reforms are enacted, according to anonymous sources. The fund requires privatization deals for state assets and genuine currency flexibility in Egypt to ensure the review’s success. In December, the IMF approved a 46-month program, with the review slated for completion by March. Approval of the review, which will be discussed by the fund’s board in June, will result in the release of the second tranche of the loan, valued at approximately USD 354 mln.