Egypt’s Bankruptcy Law (Law No. 11 of 2018) was issued as part of a series of economic reform laws that collectively seek to implement the reform program agreed upon under the Extended Arrangement with the International Monetary Fund (IMF), under which Egypt received a $12 billion loan; however, the Bankruptcy Law was not a specific stipulation of the loan agreement. The cabinet approved the draft law in January 2017 and subsequently sent it to the House of Representatives; the legislature approved the draft law in January 2018. The Bankruptcy Law ultimately went into effect after it was ratified by President Abdel-Fattah El Sisi when it was published in the February 19, 2018 edition of the Official Gazette.
