Egypt has come to terms with the IMF to merge the first and second reviews of its economic reform program, following delays in the first review due to reported dissatisfaction from the IMF regarding Egypt’s progress. Originally, the first review was set for March. Egypt committed to adopting a flexible exchange rate during its loan agreement with the IMF the previous year, yet the official rate has stagnated at approximately 30.93 pounds to the USD for roughly half a year, in contrast to the black market rate of about 39 pounds.