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The Usa has pledged about $2 billion, divided evenly between a debt swap and financing guarantees, while Qatar has pledged about $10 billion inside the form of investments in projects. The G8 nations offered $20 billion to Egypt and Tunisia, though it remained unclear just how much of it was new funds.

Sahay said even though the IMF funding was tied to benchmarks, it didn’t come with conditions that have usually led to criticism with the international organization. The IMF is typically blamed for forcing structural adjustments in countries that hit tough at lower earnings groups.

The IMF said in a statement that while fundamental structural reforms like easing subsidies would ease the burden on the state, “we share the government’s view that instant implementation of such reforms is not feasible inside the context of this arrangement as additional preparatory operate in necessary to ensure than an successful safety net is in spot to shield low earnings households.”